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

By Shiri Gupta

Shares of Jarden (NYSE:JAH) traded today at $48.26, breaking its 52-week high. Approximately 110,000 shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

Jarden (NYSE:JAH) is currently priced 1.0% above its average consensus analyst price target of $47.56. The stock should discover initial support at its 50-day moving average (MA) of $43.94 and subsequent support at its 200-day MA of $40.09.

In the past 52 weeks, shares of Jarden have traded between a low of $36.17 and a high of $48.26 and are now at $48.06, which is 33% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.3%.

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.

SmarTrend recommended that subscribers consider buying shares of Jarden on October 22nd, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $39.68. Since that recommendation, shares of Jarden have risen 20.7%. 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