Recent 52-Week High Exceeded in Shares of Newell Rubbermaid (NWL)
Shares of Newell Rubbermaid (NYSE:NWL) traded today at $22.77, breaking its 52-week high. Approximately 293,000 shares have changed hands today, as compared to an average 30-day volume of 2.8 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.
In the past 52 weeks, Newell Rubbermaid share prices have been bracketed by a low of $15.93 and a high of $22.77 and are now at $22.71, 43% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.
Newell Rubbermaid has overhead space with shares priced $22.71, or 7.6% below the average consensus analyst price target of $24.59. The stock should discover initial support at its 50-day moving average (MA) of $21.30 and subsequent support at its 200-day MA of $18.92.
SmarTrend recommended that subscribers consider buying shares of Newell Rubbermaid on September 6th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.37. Since that recommendation, shares of Newell Rubbermaid have risen 21.3%. 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