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Upgrade Alert for Crown Holdings (CCK)

By Amy Schwartz

Crown Holdings (NYSE:CCK) was upgraded from Market Perform to Outperform at BMO Capital today. The stock closed yesterday at $53.90 on volume of 560,000 shares, below average daily volume of 958,000.

In the past 52 weeks, Crown Holdings share prices have been bracketed by a low of $43.30 and a high of $57.08 and closed yesterday at $53.90, 24% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

Crown Holdings (NYSE:CCK) has potential upside of 8.2% based on a current price of $53.90 and analysts' consensus price target of $58.30. Crown Holdings shares have support at the 50-day moving average (MA) of $49.95 and additional support at the 200-day MA of $49.50.

Crown Holdings, Inc. designs, manufactures, and sells packaging products for consumer goods through plants located in countries around the world. The Company's primary products include steel and aluminum cans for food, beverage, household, and other consumer products. Crown also provides a variety of metal caps, closures, and dispensing systems.

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

Keywords: analyst upgrades/downgrades crown holdings

Ticker(s): CCK