SmarTrend Watching for Potential Pullback in Shares of Crown Holdings After 1.91% Gain
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.
In the past 52 weeks, shares of Crown Holdings have traded between a low of $43.30 and a high of $57.49 and are now at $56.35, which is 30% above that low price. 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.
Keywords: rebounders crown holdings