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After Yesterday's Decline of 1.36%, Newell Brands In Offers Investors Better Value

By Shiri Gupta

Newell Brands In (NYSE:NWL) traded in a range yesterday that spanned from a low of $17.42 to a high of $18.12. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $17.57 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Newell Brands Inhas traded in a range of $17.48 to $43.98 and are now at $17.50. The 200-day and 50-day moving averages have moved 0.94% lower and 2.82% lower over the past week, respectively.

SmarTrend is tracking the current trend status for Newell Brands In and will alert subscribers who have NWL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders newell brands in

Ticker(s): NWL