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Sanderson Farms Has Returned 26.6% Since SmarTrend Recommendation (SAFM)

By Shiri Gupta

SmarTrend identified a Downtrend for Sanderson Farms (NASDAQ:SAFM) on December 14th, 2017 at $152.55. In approximately 5 months, Sanderson Farms has returned 26.62% as of today's recent price of $111.94.

In the past 52 weeks, Sanderson Farms share prices have been bracketed by a low of $74.07 and a high of $176.43 and are now at $111.94, 51% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.5%.

Sanderson Farms, Inc. produces, processes, markets, and distributes fresh and frozen chicken products. The Company also processes, markets, and distributes processed and prepared food items. Sanderson Farms sells its chicken to retailers, distributors, and fast food operators in the southeastern, southwestern, and western United States.

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

Log in and add Sanderson Farms (SAFM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Sanderson Farms

Ticker(s): SAFM