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Bullish Moving Average Cross by Newell Rubbermaid (NWL)

By Nick Russo

Newell Rubbermaid (NYSE:NWL) crossed over its 10-day moving average of $48.35 on a volume of 547K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Newell Rubbermaid has traded in a range of $33.26 to $50.90 and is now at $48.92, 47% above that low. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Newell Rubbermaid on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.35. Since that recommendation, shares of Newell Rubbermaid have risen 25.3%. We continue to monitor NWL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses newell rubbermaid

Ticker(s): NWL