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After Yesterday's Rally of 1.66% Shares Could Potentially Pullback

By Shiri Gupta

Sealed Air (NYSE:SEE) traded in a range yesterday that spanned from a low of $48.89 to a high of $49.50. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $48.88 on volume of 734,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Sealed Air have traded between a low of $38.02 and a high of $55.84 and are now at $49.20, which is 29% above that low price. Over the last five market days, 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