Recent 52-Week High Exceeded in Shares of Jarden (JAH)
Shares of Jarden (NYSE:JAH) traded today at $60.37, breaking its 52-week high. Approximately 128,000 shares have changed hands today, as compared to an average 30-day volume of 514,000 shares.
Over the past year, Jarden has traded in a range of $33.50 to $60.37 and is now at $60.05, 79% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.8%.
Jarden Corporation provides a broad range of consumer products. The Company's product segments include Outdoor Solutions, Consumer Solutions and Branded Consumables. Jarden sells branded products through a variety of distribution channels, including club, department store, drug, grocery, mass merchant, sporting goods and specialty retailers, as well as direct to consumers.
Jarden (NYSE:JAH) has potential upside of 6.6% based on a current price of $60.05 and analysts' consensus price target of $64.00. The stock should discover initial support at its 50-day moving average (MA) of $53.94 and subsequent support at its 200-day MA of $48.43.
SmarTrend recommended that subscribers consider buying shares of Jarden on November 28th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $53.21. Since that recommendation, shares of Jarden have risen 12.8%. We continue to monitor JAH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows jarden