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Look for Shares of Newell Brands In to Potentially Pullback after Yesterday's 4.72% Rise

By Amy Schwartz

Newell Brands In (NYSE:NWL) traded in a range yesterday that spanned from a low of $26.81 to a high of $27.66. Yesterday, the shares gained 4.7%, which took the trading range above the 3-day high of $26.41 on volume of 3.6 million 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, Newell Brands In has traded in a range of $23.85 to $55.45 and is now at $27.39, 15% above that low. The 200-day and 50-day moving averages have moved 0.23% higher and 1.71% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Newell Brands In on August 15th, 2017 by issuing a Downtrend alert when the shares were trading at $50.02. Since that call, shares of Newell Brands In have fallen 47.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders newell brands in

Ticker(s): NWL