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Newell Rubbermaid Crosses Below its 10-day MA (NWL)

By James Quinn

Newell Rubbermaid (NYSE:NWL) crossed under its 10-day moving average of $48.59 on a volume of 451K 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.

In the past 52 weeks, Newell Rubbermaid share prices have been bracketed by a low of $33.26 and a high of $50.90 and are now at $48.45, 46% above that low price. 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 27.0%. 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