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Watch for Newell Brands In to Potentially Rebound After Falling 1.93% Yesterday

By Amy Schwartz

Newell Brands In (NYSE:NWL) traded in a range yesterday that spanned from a low of $19.74 to a high of $20.33. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $19.75 on volume of 2.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Newell Brands In. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Newell Brands In in search of a potential trend change.

In the past 52 weeks, shares of Newell Brands In have traded between a low of $15.11 and a high of $32.58 and are now at $19.80, which is 31% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.9%.

Keywords: rebounders newell brands in

Ticker(s): NWL