Shares of JM Smucker (NYSE:SJM) traded today at $95.75, breaking its 52-week high. So far today approximately 267,000 shares have been exchanged, as compared to an average 30-day volume of 716,000 shares.
Over the past year, JM Smucker has traded in a range of $73.20 to $95.75 and is now at $95.25, 30% above that low. The 200-day and 50-day moving averages have moved 0.31% higher and 0.38% higher over the past week, respectively.
Potential upside of 2.5% exists for JM Smucker, based on a current level of $95.25 and analysts' average consensus price target of $97.67. JM Smucker shares have support at the 50-day moving average (MA) of $89.24 and additional support at the 200-day MA of $83.34.
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.