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Shares of Sealed Air Corp Fall to a New 52-Week Low

By David Diaz

Shares of Sealed Air Corp (NYSE:SEE) traded today at $38.65, breaking its 52-week low. So far today approximately 285,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.

Sealed Air Corp (NYSE:SEE) has potential upside of 28.1% based on a current price of $38.94 and analysts' consensus price target of $49.86. The stock should run into initial resistance at its 50-day moving average (MA) of $42.73 and subsequent resistance at its 200-day MA of $44.63.

Sealed Air Corp share prices have moved between a 52-week high of $49.94 and the current low of $38.65 and are currently at $38.94 per share. The 200-day and 50-day moving averages have moved 0.22% lower and 0.8% lower over the past week, respectively.

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

SmarTrend recommended that its subscribers protect gains by selling shares of Sealed Air Corp on June 6th, 2018 by issuing a Downtrend alert when the shares were trading at $43.42. Since that call, shares of Sealed Air Corp have fallen 10.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows sealed air corp

Ticker(s): SEE