The J. M. Smucker Company manufactures and markets branded food products worldwide. It operates through four segments: U.S. Retail Coffee; U.S. Retail Consumer Foods; U.S. Retail Pet Foods; and International, Foodservice, and Natural Foods. The company provides various consumer food and beverage products, including coffee, peanut butter, fruit spreads, shortening and oils, baking mixes and ready-to-spread frostings, canned milk, flour and baking ingredients, juices and beverages, frozen sandwiches, toppings, syrups, pickles, condiments, grain products, and nut mix products; and pet products comprising dry and wet dog food, dry and wet cat food, dog snacks, and cat snacks.
Take a look at the 1-year chart of J.M. (NYSE: SJM) below with added notations:
Since the stock’s January low at $95, SJM has been trending higher
and higher. Over the past month or so the stock has hit the same
resistance at $125 (red). Yesterday SJM tried to break out above that
$125 level, but ultimately the stock closed back below it. A close above
the $125 level should lead to another leg higher for stock.
The Tale of the Tape: SJM has a 52-week resistance
at $125. The possible long position on the stock would be on a breakout
above that level with a stop placed under it.