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Flowers Foods Crosses Above its 10-day MA (FLO)

By James Quinn

Today, shares of Flowers Foods (NYSE:FLO) have advanced above their 10-day MA of $22.68 on a volume of 143K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Flowers Foods share prices have moved between a 52-week high of $24.36 and a 52-week low of $17.78 and are now trading 29% above that low price at $22.94 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.4%.

SmarTrend recommended that subscribers consider buying shares of Flowers Foods on January 18th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $19.59. Since that recommendation, shares of Flowers Foods have risen 14.4%. We continue to monitor FLO for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Flowers Foods

Ticker(s): FLO