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SmarTrend Watching for Potential Pullback in Shares of Spectrum Brands After 3.89% Gain

By David Diaz

Spectrum Brands (NYSE:SPB) traded in a range yesterday that spanned from a low of $43.66 to a high of $49.00. Yesterday, the shares gained 3.9%, which took the trading range above the 3-day high of $41.77 on volume of 299,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, Spectrum Brands share prices have been bracketed by a low of $19.59 and a high of $66.50 and are now at $44.59, 128% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.7% while the 200-day MA has slid 0.3%.

Keywords: rebounders spectrum brands

Ticker(s): SPB