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JM Smucker Shares Up 14.3% Since SmarTrend's Buy Recommendation (SJM)
Jan 18, 2013 (SmarTrend(R) Spotlight via COMTEX) --
SmarTrend identified an Uptrend for JM Smucker (NYSE:SJM) on August 15th, 2012 at $78.38. In approximately 5 months, JM Smucker has returned 14.27% as of today's recent price of $89.56.
Over the past year, JM Smucker has traded in a range of $70.50 to $90.24 and is now at $89.56, 27% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.
The J. M. Smucker Company manufactures and markets food products on a worldwide basis. The Company's principal products include peanut butter, shortening and oils, fruit spreads, canned milk, baking mixes and ready-to-spread frostings, flour and baking ingredients, juices and beverages, frozen sandwiches, dessert toppings, syrups, pickles and condiments, and potato side dishes.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of JM Smucker shares.Log in and add JM Smucker (SJM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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