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Crown Holdings: 52-Week High Recently Eclipsed (CCK)

By Nick Russo

Crown Holdings (NYSE:CCK) traded at a new 52-week high today of $57.84. Approximately 56,000 shares have changed hands today, as compared to an average 30-day volume of 958,000 shares.

There is potential upside of 6.0% for shares of Crown Holdings based on a current price of $57.54 and an average consensus analyst price target of $61.00. The stock should discover initial support at its 50-day moving average (MA) of $49.95 and subsequent support at its 200-day MA of $49.50.

Over the past year, Crown Holdings has traded in a range of $43.30 to $57.84 and is now at $57.54, 33% above that low. The 200-day and 50-day moving averages have moved 0% lower and 1.28% higher over the past week, respectively.

Crown Holdings, Inc. designs, manufactures, and sells packaging products for consumer goods through plants located in countries around the world. The Company's primary products include steel and aluminum cans for food, beverage, household, and other consumer products. Crown also provides a variety of metal caps, closures, and dispensing systems.

SmarTrend recommended that subscribers consider buying shares of Crown Holdings on April 19th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.93. Since that recommendation, shares of Crown Holdings have risen 5.1%. We continue to monitor CCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows crown holdings

Ticker(s): CCK