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Recent 52-Week Low Surpassed in Shares of Sealed Air Corp (SEE)

By David Diaz

Sealed Air Corp (NYSE:SEE) traded today at a new 52-week low of $34.89. This new low was reached on below average trading volume as 194,000 shares traded hands, while the average 30-day volume is approximately 1.7 million shares.

Sealed Air Corporation manufactures packaging and performance-based materials and equipment systems that serve food, industrial, medical, and consumer applications.

There is potential upside of 42.5% for shares of Sealed Air Corp based on a current price of $34.99 and an average consensus analyst price target of $49.86. The stock should run into initial resistance at its 50-day moving average (MA) of $40.14 and subsequent resistance at its 200-day MA of $43.32.

Over the past year, Sealed Air Corphas traded in a range of $34.89 to $49.94 and are now at $34.99. The 200-day and 50-day moving averages have moved 0.55% lower and 1.37% lower over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Sealed Air Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Sealed Air Corp in search of a potential trend change.

Keywords: 52 week high/lows sealed air corp

Ticker(s): SEE