The Hourly View for SYY
At the moment, SYY’s price is up $0.01 (0.02%) from the hour prior. The hourly chart shows that SYY has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 20 hour changed directions on SYY; it is now pointing down. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
SYY’s Technical Outlook on the Daily Chart
Currently, SYY’s price is down $-0.75 (-1.02%) from the day prior. This move is a reversal from the day prior, which saw price move up. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on SYY. Given that we see an uptrend on the 20 daily candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the daily timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. The chart below shows SYY’s price action over the past 90 days.
For SYY News Traders
Investors and traders in SYY may be particularly interested in the following story that came out in the past day:
Sysco Corporation (SYY) Barclays Eat, Sleep, Play Conference December 01, 2020, 02:40 PM ET Company Participants Neil Russell – Vice President of Corporate Affairs Kevin Hourican – President and Chief Executive Officer Joel Grade – Chief Financial Officer Conference Call Participants Jeffrey Bernstein – Barclays Presentation Jeffrey Bernstein Great. Good…
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