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J.M. Smucker stock jumped 9% on earnings report

4:01 PM 25 August 2020
J.M. Smucker (SJM.US) – posted quarterly earnings of $2.37 per share, well above analysts' expectations of $1.67 a share. Revenue  also beat market forecasts. The food producer raised its full-year profit guidance, with strong demand for products like Uncrustables sandwiches and Folgers coffee.
J.M. Smucker (SJM.US) launched today's session with a bullish price gap after posting upbeat quarterly earnings. Should upbeat moods prevail, stock could reach an all-time high at $125.46. However  in case of a break below the support at $116.29, downward move may accelerate. Source: xStation5
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