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Sealed Air Corp Set to Possibly Pullback After Yesterday's Rally of 1.07%

By James Quinn

Sealed Air Corp (NYSE:SEE) traded in a range yesterday that spanned from a low of $41.12 to a high of $41.79. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $41.31 on volume of 502,000 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 Sealed Air Corp on June 6th, 2018 by issuing a Downtrend alert when the shares were trading at $43.42. Since that call, shares of Sealed Air Corp have fallen 5.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Sealed Air Corp has traded in a range of $38.49 to $49.94 and is now at $41.67, 8% above that low. The 200-day and 50-day moving averages have moved 0.22% lower and 0.31% lower over the past week, respectively.

Keywords: rebounders sealed air corp

Ticker(s): SEE