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After Yesterday's Decline of 5.35%, 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 $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.

Over the past year, Newell Brands In has traded in a range of $15.11 to $32.58 and is now at $22.28, 47% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.7%.

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.

Keywords: rebounders newell brands in

Ticker(s): NWL