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Crown Holdings I Falls 1.06% on Heavy Volume: Watch For Potential Rebound

By Nick Russo

Crown Holdings I (NYSE:CCK) traded in a range yesterday that spanned from a low of $54.20 to a high of $54.26. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $54.26 on volume of 327,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Crown Holdings I share prices have moved between a 52-week high of $55.93 and a 52-week low of $39.05 and are now trading 39% above that low price at $54.20 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.7%.

SmarTrend recommended that subscribers consider buying shares of Crown Holdings I on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $44.35. Since that recommendation, shares of Crown Holdings I have risen 23.5%. We continue to monitor CCK for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders crown holdings i

Ticker(s): CCK