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Farmer Bros Co Down 17.2% Since SmarTrend Downtrend Call (FARM)

By Nick Russo

SmarTrend identified a Downtrend for Farmer Bros Co (NASDAQ:FARM) on March 20th, 2019 at $22.76. In approximately 2 months, Farmer Bros Co has returned 17.16% as of today's recent price of $18.85.

In the past 52 weeks, Farmer Bros Co share prices have been bracketed by a low of $16.92 and a high of $31.50 and are now at $18.85, 11% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.9% while the 200-day MA has slid 0.8%.

Farmer Bros. Co. operates as a coffee foodservice company. The Company roasts, packages, and distributes coffee and allied products to restaurants, hotels, hospitals, convenience stores, and fast food outlets.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Farmer Bros Co.

Log in and add Farmer Bros Co (FARM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights farmer bros co

Ticker(s): FARM