Newell Rubbermaid: The Winning Streak Continues (NWL)
Newell Rubbermaid (NYSE:NWL) traded at a new 52-week high today of $53.75. So far today approximately 3.7 million shares have been exchanged, as compared to an average 30-day volume of 7.3 million shares.
Over the past year, Newell Rubbermaid has traded in a range of $33.26 to $53.75 and is now at $52.87, 59% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.2%.
Based on a current price of $52.87, Newell Rubbermaid is currently 9.2% above its average consensus analyst price target of $48.00. The stock should find initial support at its 50-day moving average (MA) of $43.14 and further support at its 200-day MA of $42.11.
Newell Rubbermaid Inc. manufactures and markets branded consumer products which are sold through a variety of retail and wholesale distribution channels. The Company's products include housewares, juvenile products, home furnishings, office products, tools and hardware, and hair accessories.
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 28.8%. We continue to monitor NWL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows newell rubbermaid