Monday, July 10, 2017 12:13:32 PM
Since early June most of the leading food processing stocks have fallen off a cliff. Traders should take note that Smucker JM Co (NYSE:SJM) topped out long before that, peaking in August 2016 at $157.30 a share. Since that pivot top in the stock the shares have tumbled lower by $42.00. Today, SJM stock is trading at $114.95 a share. Many traders may think the stock is now on sale, but that is not the case just yet. There is still lower prices ahead before this stock reaches its institutional buy point.
Traders and investors should watch the $109.00 level for major chart support. This is an area where the stock price should be defended by the institutional traders. In fact, this was a major chart support level in July 2015 and it should be supported again when retested. This area is a support level where I will be looking to buy SJM stock.
Nicholas Santiago
InTHeMoneyStocks
Recent SJM News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 09:04:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 08:54:16 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 08:52:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 08:50:42 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 08:46:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 08:44:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 08:43:19 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 08:42:04 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/03/2024 08:40:54 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/28/2024 08:16:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/28/2024 11:19:06 AM
- The J.M. Smucker Co. Announces Fiscal 2025 First Quarter Results • PR Newswire (US) • 08/28/2024 11:00:00 AM
- U.S. Futures Edge Up as Nvidia Earnings Loom, Oil Prices Slide • IH Market News • 08/28/2024 09:52:22 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/15/2024 08:15:58 PM
- The J.M. Smucker Co. to Report First Quarter Earnings and Participate in the 2024 Barclays Global Consumer Staples Conference • PR Newswire (US) • 08/07/2024 12:00:00 PM
- Toyota Reports Another Global Production Decline, Delta Sues CrowdStrike, Meta Launches AI Studio for Custom Chatbots • IH Market News • 07/30/2024 10:00:51 AM
- The J.M. Smucker Co. Announces Dividend Increase • PR Newswire (US) • 07/12/2024 08:30:00 PM
- Acosta Group Expands Sales and Marketing Relationship with The J.M. Smucker Company in North America • PR Newswire (US) • 07/10/2024 02:10:00 PM
- Acosta Group Expands Sales and Marketing Relationship with The J.M. Smucker Company in North America • PR Newswire (Canada) • 07/10/2024 02:10:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 09:23:12 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 09:19:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 09:16:28 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 09:11:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/18/2024 09:01:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/17/2024 09:04:59 PM
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