Uptrend Call Working As Sanderson Farms Stock Rises 35.6% (SAFM)
SmarTrend identified an Uptrend for Sanderson Farms (NASDAQ:SAFM) on August 13th, 2012 at $39.58. In approximately 7 months, Sanderson Farms has returned 35.62% as of today's recent price of $53.67.
In the past 52 weeks, shares of Sanderson Farms have traded between a low of $36.11 and a high of $55.87 and are now at $53.67, which is 49% 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 0.8%.
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, primarily under the Sanderson Farms brand name, 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 shifts in the trajectory of Sanderson Farms shares.
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