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

By Nick Russo

Today, shares of Newell Rubbermaid (NYSE:NWL) have crossed bearishly below their 10-day moving average of $53.06 on a volume of 559K 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.

In the past 52 weeks, shares of Newell Rubbermaid have traded between a low of $33.26 and a high of $55.45 and are now at $52.93, which is 59% above that low price. 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