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Watch for Crown Holdings I to Potentially Pullback After Gaining 2.01% Yesterday

By Nick Russo

Crown Holdings I (NYSE:CCK) traded in a range yesterday that spanned from a low of $44.75 to a high of $46.20. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $45.10 on volume of 967,000 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 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 8.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

In the past 52 weeks, Crown Holdings I share prices have been bracketed by a low of $40.09 and a high of $62.27 and are now at $45.71, 14% above that low price. The 200-day and 50-day moving averages have moved 0.59% lower and 0.07% lower over the past week, respectively.

Keywords: rebounders crown holdings i

Ticker(s): CCK