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Bullish Moving Average Cross by Sealed Air (SEE)

By Amy Schwartz

Sealed Air (NYSE:SEE) crossed over its 10-day moving average of $47.19 on a volume of 474K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Sealed Air has traded in a range of $38.02 to $55.84 and is now at $47.93, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.2%.

SmarTrend is monitoring the recent change of momentum in Sealed Air. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sealed Air in search of a potential trend change.

Keywords: moving crosses sealed air

Ticker(s): SEE