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Sealed Air Corp Set to Possibly Pullback After Yesterday's Rally of 1.69%

By David Diaz

Sealed Air Corp (NYSE:SEE) traded in a range yesterday that spanned from a low of $38.96 to a high of $39.47. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $38.77 on volume of 159,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Sealed Air Corp share prices have been bracketed by a low of $36.09 and a high of $47.13 and are now at $39.63, 10% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Sealed Air Corp and will alert subscribers who have SEE in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders sealed air corp

Ticker(s): SEE