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Watch for Crown Holdings I to Potentially Rebound After Falling 2.10% Yesterday

By Amy Schwartz

Crown Holdings I (NYSE:CCK) traded in a range yesterday that spanned from a low of $45.55 to a high of $46.35. Yesterday, the shares fell 2.1%, which took the trading range below the 3-day low of $45.76 on volume of 685,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Crown Holdings I share prices have moved between a 52-week high of $62.27 and a 52-week low of $42.63 and are now trading 7% above that low price at $45.64 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.

SmarTrend is tracking the current trend status for Crown Holdings I and will alert subscribers who have CCK in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders crown holdings i

Ticker(s): CCK