Avery Dennison Corp. (NYSE:AVY) traded today at a new 52-week high of $129.27. This new high was reached on below average trading volume as 67,000 shares traded hands, while the average 30-day volume is approximately 349,000 shares.
Over the past year, Avery Dennison Corp. has traded in a range of $82.89 to $129.27 and is now at $127.77, 54% above that low. The 200-day and 50-day moving averages have moved 0.46% higher and 0.74% higher over the past week, respectively.
Avery Dennison Corporation produces pressure-sensitive materials and a variety of tickets, tags, labels, and other converted products. The Company's pressure sensitive products are used in labeling, decorating, and specialty applications. Avery Dennison's non-pressure sensitive products include tickets, tags, RFID inlays, and services for retailers, apparel manufacturers, and brand owners.
Avery Dennison Corp. (NYSE:AVY) is currently priced 7.9% above its average consensus analyst price target of $117.62. The stock should discover initial support at its 50-day moving average (MA) of $114.72 and subsequent support at its 200-day MA of $110.57.
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