14.4% Return Seen to Date on SmarTrend Smithfield Foods Call (SFD)
SmarTrend identified an Uptrend for Smithfield Foods (NYSE:SFD) on September 5th, 2012 at $19.69. In approximately 3 months, Smithfield Foods has returned 14.42% as of today's recent price of $22.53.
In the past 52 weeks, shares of Smithfield Foods have traded between a low of $17.55 and a high of $25.12 and are now at $22.53, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.
Smithfield Foods, Inc. processes pork and produces hogs through its meat processing and hog production groups. The Company also produces and markets a range of branded food products such as frozen barbecues and chilies, peanuts, and pork products. Smithfield's products are sold on a wholesale basis, through catalogs, through its retail stores, and via the Internet.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Smithfield Foods shares.
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