Newell Rubbermaid Crosses Below its 10-day MA (NWL)
Today, shares of Newell Rubbermaid (NYSE:NWL) have crossed bearishly below their 10-day moving average of $47.70 on a volume of 1.2 million shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $47.22, 42% above that low. 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 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 25.2%. We continue to monitor NWL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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