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Look for Shares of Jm Smucker Co to Potentially Rebound after Yesterday's 2.17% Sell Off

Comtex SmarTrend(R) - Thu Sep 10, 12:19PM CDT

Jm Smucker Co (NYSE:SJM) traded in a range yesterday that spanned from a low of $112.86 to a high of $115.07. Yesterday, the shares fell 2.2%, which took the trading range below the 3-day low of $113.65 on volume of 284,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Jm Smucker Co on August 4th, 2020 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $112.22. Since that recommendation, shares of Jm Smucker Co have risen 3.2%. We continue to monitor SJM for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Jm Smucker Co share prices have moved between a 52-week high of $125.62 and a 52-week low of $91.88 and are now trading 23% above that low price at $113.04 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has remained constant.

Write to SmarTrend at cs@mysmartrend.com

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