Market Overview

Watch for Shares of Avery Dennison (AVY) to Approach Support at $27.13

(via COMTEX News Network)--

SmarTrend has detected shares of Avery Dennison (NYSE: AVY) have bearishly opened below the pivot of $27.57 today and have reached the first level of support of $27.39.

Should the shares continue to fall, we are monitoring the next support pivots of $27.13 and $26.69. Also, the shares are currently trading below the 50-day moving average of $34.74 and below the 200-day moving average of $39.25.

In the last five trading sessions, the 50-day MA has fallen 2.3% while the 200-day MA has slid 0.4%.

In the past 52 weeks, shares of Avery Dennison have traded between a low of $25.85 and a high of $43.52 and are now at $27.28, which is 6% above that low price.

SmarTrend currently has shares of Avery Dennison in an Downtrend and issued the Downtrend alert on July 19, 2011 at $33.24. The stock has fallen 16.8% since the Downtrend alert was issued.

Write to Chip Brian at


SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

View Comments and Join the Discussion!