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Recent 52-Week High Exceeded in Shares of Newell Rubbermaid (NWL)

By James Quinn

Shares of Newell Rubbermaid (NYSE:NWL) traded at a new 52-week high today of $35.77. Approximately 511,000 shares have changed hands today, as compared to an average 30-day volume of 2.1 million shares.

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.

Over the past year, Newell Rubbermaid has traded in a range of $28.27 to $35.77 and is now at $35.69, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

There is potential upside of 8.2% for shares of Newell Rubbermaid based on a current price of $35.69 and an average consensus analyst price target of $38.60. The stock should discover initial support at its 50-day moving average (MA) of $34.36 and subsequent support at its 200-day MA of $31.87.

SmarTrend recommended that subscribers consider buying shares of Newell Rubbermaid on October 21st, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.19. Since that recommendation, shares of Newell Rubbermaid have risen 4.1%. 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

Ticker(s): NWL