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Shares of Newell Rubbermaid Has Risen Above Previous 52-Week High

By David Diaz

Newell Rubbermaid (NYSE:NWL) traded today at a new 52-week high of $54.68. Approximately 243,000 shares have changed hands today, as compared to an average 30-day volume of 7.3 million shares.

In the past 52 weeks, shares of Newell Rubbermaid have traded between a low of $33.26 and a high of $54.68 and are now at $54.44, which is 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.2%.

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.

Newell Rubbermaid (NYSE:NWL) is currently priced 11.8% above its average consensus analyst price target of $48.00. Newell Rubbermaid shares have support at the 50-day moving average (MA) of $43.14 and additional support at the 200-day MA of $42.11.

SmarTrend recommended that subscribers consider buying shares of Newell Rubbermaid on February 22nd, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.35. Since that recommendation, shares of Newell Rubbermaid have risen 41.3%. 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

Ticker(s): NWL