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

By James Quinn

Today, shares of Newell Rubbermaid (NYSE:NWL) have fallen below their 10-day MA of $52.03 on a volume of 471K 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.

Over the past year, Newell Rubbermaid has traded in a range of $33.26 to $55.45 and is now at $51.65, 55% above that low. The 200-day and 50-day moving averages have moved 0.23% higher and 1.71% higher over the past week, respectively.

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

Keywords: moving crosses newell rubbermaid

Ticker(s): NWL