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After Yesterday's Decline of 5.35%, Newell Brands In Offers Investors Better Value

By Amy Schwartz

Newell Brands In (NYSE:NWL) traded in a range yesterday that spanned from a low of $22.23 to a high of $23.21. Yesterday, the shares fell 5.4%, which took the trading range below the 3-day low of $23.32 on volume of 4.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Newell Brands In on November 2nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $18.66. Since that recommendation, shares of Newell Brands In have risen 26.2%. We continue to monitor NWL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Newell Brands In share prices have been bracketed by a low of $15.11 and a high of $32.58 and are now at $22.28, 47% above that low price. The 200-day and 50-day moving averages have moved 0.25% lower and 0.70% higher over the past week, respectively.

Keywords: rebounders newell brands in

Ticker(s): NWL