Sysco - 52 Week High

Published on Tuesday, 02 October 2012 12:34 Written by TradersHuddle Wire

New York, October 2nd (TradersHuddle.com) - Shares of Sysco Corporation (NYSE:SYY) booked a new 52 week high today by trading above $31.68, traders are definitely monitoring Sysco's price action to see if this move attracts further buying into the stock.

Sysco Corporation (NYSE:SYY) distributes food and related products primarily to the foodservice industry. The Company also distributes personal care guest amenities, housekeeping supplies, room accessories, and textiles to the lodging industry.

Sysco is currently trading 0.79% versus its previous trading session close, and it has calculated support and resistance at $27.33 and $30.78 respectively. Clearly, with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range.

The overall market index S&P 500 is trading lower by -0.1% from its previous trading close, which means that Sysco stock is outperforming the overall market.