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Newell Brands In Set to Possibly Pullback After Yesterday's Rally of 4.72%

By Nick Russo

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.

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.

In the past 52 weeks, Newell Brands In share prices have been bracketed by a low of $23.85 and a high of $55.45 and are now at $27.39, 15% above that low price. The 200-day and 50-day moving averages have moved 0.23% higher and 1.71% higher over the past week, respectively.

Keywords: rebounders newell brands in

Ticker(s): NWL