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After Yesterday's Rally of 1.32% Shares Could Potentially Pullback

By Shiri Gupta

Sealed Air (NYSE:SEE) traded in a range yesterday that spanned from a low of $47.47 to a high of $48.20. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $46.89 on volume of 699,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Sealed Air share prices have moved between a 52-week high of $55.84 and a 52-week low of $38.02 and are now trading 25% above that low price at $47.58 per share. Over the past week, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Sealed Air and will alert subscribers who have SEE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sealed air

Ticker(s): SEE