Campbell Soup Co. (NYSE:CPB) traded today at a new 52-week high of $48.23. This new high was reached on below average trading volume as 434,000 shares traded hands, while the average 30-day volume is approximately 2.2 million shares.
Campbell Soup Company, with its subsidiaries, manufactures and markets branded convenience food products. The Company's core divisions include soups and sauces, biscuits and confectionery, and foodservice. Campbell's distributes its products worldwide.
Based on a current price of $48.17, Campbell Soup Co. is currently 5.0% above its average consensus analyst price target of $45.77. The stock should find initial support at its 50-day moving average (MA) of $45.18 and further support at its 200-day MA of $39.83.
Over the past year, Campbell Soup Co. has traded in a range of $32.03 to $48.23 and is now at $48.17, 50% above that low. The 200-day and 50-day moving averages have moved 0.70% higher and 0.96% higher over the past week, respectively.
NetworkNewsWire is monitoring the Food Products Industry for any potential shift so investors can protect gains.
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