Shares of Dean Foods (NYSE:DF) opened today below their pivot of $17.47 and have already reached the first level of support at $17.37. Should the shares continue to fall, the support pivots of $17.27 and $17.07 will be of interest.
Potential upside of 19.0% exists for Dean Foods, based on a current level of $17.36 and analysts' average consensus price target of $20.66. The stock should find initial support at its 50-day moving average (MA) of $16.89 and further support at its 200-day MA of $15.22.
Dean Foods Company is a food and beverage company that produces a full line of Company-branded and private label dairy and dairy-related products. The Company provides products such as milk and milk-based beverages, ice cream, half and half, whipping cream, sour cream, cottage cheese, yogurt, dips, and soy milk. Dean Foods also supplies pickles, juice, juice drinks, and water.
In the past 52 weeks, shares of Dean Foods have traded between a low of $10.50 and a high of $19.17 and are now at $17.36, which is 65% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has risen 0.5%.
