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SmarTrend Watching for Potential Rebound in Shares of Crown Holdings I After 3.15% Loss

By Amy Schwartz

Crown Holdings I (NYSE:CCK) traded in a range yesterday that spanned from a low of $43.13 to a high of $44.60. Yesterday, the shares fell 3.2%, which took the trading range below the 3-day low of $44.40 on volume of 1.6 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Crown Holdings I share prices have been bracketed by a low of $42.07 and a high of $62.27 and are now at $43.26, 3% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Crown Holdings I on April 24th, 2018 by issuing a Downtrend alert when the shares were trading at $49.19. Since that call, shares of Crown Holdings I have fallen 9.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders crown holdings i

Ticker(s): CCK