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Shares of MGPI Up 35.1% Since Uptrend Call on Shares

Feb 06, 2018 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified an Uptrend for Mgp Ingredients (NASDAQ:MGPI) on September 29th, 2017 at $60.39. In approximately 4 months, Mgp Ingredients has returned 35.11% as of today's recent price of $81.59.

In the past 52 weeks, Mgp Ingredients share prices have been bracketed by a low of $31.93 and a high of $90.34 and are now at $81.79, 156% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.0% while the 50-day MA has advanced 1.1%.

MGP Ingredients, Inc. produces and markets ingredients and distillery products. The Company's ingredients include specialty wheat starches and specialty wheat proteins for food and non-food applications, commodity ingredients, including commodity wheat starches and vital wheat gluten, and mill feeds. MGP's distillery products consist of food-grade alcohol.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Mgp Ingredients shares.Log in and add Mgp Ingredients (MGPI) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com

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