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Newell Rubbermaid Bearish Moving Average Crossover Alert (NWL)

By David Diaz

Newell Rubbermaid (NYSE:NWL) shares have crossed bearishly below their 10-day moving average of $52.29 on a volume of 406K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Newell Rubbermaid share prices have moved between a 52-week high of $55.45 and a 52-week low of $33.26 and are now trading 56% above that low price at $51.92 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.7%.

SmarTrend is tracking the current trend status for Newell Rubbermaid and will alert subscribers who have NWL in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses newell rubbermaid

Ticker(s): NWL