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Avery Dennison (AVY) is in the production and sale of pressure-sensitive materials worldwide.
Its Pressure-sensitive Materials segment offers pressure-sensitive label and packaging materials, graphics and graphic films, reflective products, and tapes and performance polymers. This segment markets its products under the Fasson, JAC, Avery Dennison, and Avery brands to label printers and converters for labeling, decorating, fastening, and electronic data processing applications in the home and personal care, beer and beverage, durables, pharmaceutical, wine and spirits, and food market industries.
The companys Retail Branding and Information Solutions segment provides branding and information solutions, including creative services, brand embellishments, graphic tickets, tags, labels, and sustainable packaging solutions; and information solutions, such as radio-frequency identification-enabled inventory accuracy, visibility and loss prevention solutions, price ticketing and marking, brand protection, and security solutions, as well as care, content, and country or origin compliance solutions. This segment serves retailers, brand owners, apparel manufacturers, distributors, and industrial customers.
It also offers specialty tapes, engineered films, pressure-sensitive postage stamps, and other converted products to original equipment manufacturers, tier suppliers, and packaging converters; and pressure-sensitive adhesive products to medical supply and device manufacturers, and healthcare providers. In addition, Avery Dennison provides printable media and other products comprising copiers, ink-jet and laser printer labels, related computer software, laser printer cards, and index products, as well as binders, dividers, and sheet protectors.
Shares have formed a bullish "flag" following the company's better than expected results.
We are now hearing rumors of good news for this company. One of the rumors states that this stock will be named by the leading stock advisory service as one of its "top picks." This service is widely followed by mutual funds and institutional money managers. These investors have portfolios that mimic recommendations of this service. Their naming of the stock should lead to additional demand for the shares.
52-Week Trading Range: $31.38 - $49.97
Entry Point: $47.20
Stop Loss: $44.88
Target Price: $52.00
We are closing AVY at $49.58 after its 30-day time period expired without reaching our target price.
