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Small Cap Food Products Supplier Nearing Trendline Breakout

by | Jul 30, 2024

Lancaster Colony (LANC) shares of the small cap food supplier of restaurants is showing great relative strength and closed green Tuesday with a bull candle near the top of one year value area range. A break above 192 likely sees follow-through momentum higher towards 200 with also a gap to fill up near 202.50. The company is seeing tailwinds from improving supply chain costs and restaurant traffic acceleration in the past year.

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