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After Yesterday's Decline of 1.93%, Newell Brands In Offers Investors Better Value

By David Diaz

Newell Brands In (NYSE:NWL) traded in a range yesterday that spanned from a low of $19.74 to a high of $20.33. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $19.75 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Newell Brands In share prices have moved between a 52-week high of $32.58 and a 52-week low of $15.11 and are now trading 31% above that low price at $19.80 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.9% while the 200-day MA has slid 0.8%.

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

Keywords: rebounders newell brands in

Ticker(s): NWL