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Buyers Accumulate Shares of Syngenta, Up 1.7%

Published on Fri, 02/01/2013 - 11:30
By Mallory Stone

Syngenta (NYSE:SYT) is one of today's biggest movers, up 1.7% to $87.55. The Dow Jones Industrial Average is now trading 0.9% higher to 13,992 and the S&P is trading 0.7% higher to 1,509.

In the past 52 weeks, shares of Syngenta have traded between a low of $60.31 and a high of $87.59 and are now at $87.55, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.1%.

Syngenta (NYSE:SYT) is currently priced 8.0% above its average consensus analyst price target of $80.50. The stock should find initial support at its 50-day moving average (MA) of $81.57 and further support at its 200-day MA of $72.58.

Syngenta AG produces crop protection products and seeds. The Company produces herbicides, insecticides and fungicides, and seeds for field crops, vegetables, and flowers.

By Mallory Stone
mstone@fnno.com

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