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SmarTrend Watching for Potential Rebound in Shares of Newell Brands In After 1.36% Loss

By David Diaz

Newell Brands In (NYSE:NWL) traded in a range yesterday that spanned from a low of $17.42 to a high of $18.12. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $17.57 on volume of 2.9 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, shares of Newell Brands In have traded between the current low of $17.48 and a high of $43.98 and are now at $17.50. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.8% while the 200-day MA has slid 0.9%.

SmarTrend is tracking the current trend status for Newell Brands In and will alert subscribers who have NWL in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders newell brands in

Ticker(s): NWL