Look for Shares of Crown Holdings to Potentially Pullback after Yesterday's 1.91% Rise
Crown Holdings (NYSE:CCK) traded in a range yesterday that spanned from a low of $55.98 to a high of $57.49. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $56.00 on volume of 975,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Crown Holdings has traded in a range of $43.30 to $57.49 and is now at $56.35, 30% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.
SmarTrend is tracking the current trend status for Crown Holdings and will alert subscribers who have CCK in their portfolio or watchlist when shares have changed trend direction.
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