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Recent 52-Week High Exceeded in Shares of Jarden (JAH)

By Amy Schwartz

Jarden (NYSE:JAH) traded today at a new 52-week high of $57.67. Approximately 92,000 shares have changed hands today, as compared to an average 30-day volume of 840,000 shares.

In the past 52 weeks, shares of Jarden have traded between a low of $32.93 and a high of $57.67 and are now at $57.18, which is 74% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.1%.

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.

There is potential upside of 5.8% for shares of Jarden based on a current price of $57.18 and an average consensus analyst price target of $60.50. The stock should discover initial support at its 50-day moving average (MA) of $52.56 and subsequent support at its 200-day MA of $46.87.

SmarTrend recommended that subscribers consider buying shares of Jarden on September 10th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.64. Since that recommendation, shares of Jarden have risen 19.0%. 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

Ticker(s): JAH