May 10, 2013 (SmarTrend(R) News Watch via COMTEX) -- Newell Rubbermaid (NYSE:NWL) traded in a range yesterday that spanned from a low of $26.65 to a high of $27.63. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $27.00 on volume of 3.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Newell Rubbermaid share prices have been bracketed by a low of $16.67 and a high of $27.63 and are now at $27.58, 65% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.2%.
SmarTrend recommended that subscribers consider buying shares of Newell Rubbermaid on March 8th, 2013 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $24.55. Since that recommendation, shares of Newell Rubbermaid have risen 9.1%. We continue to monitor NWL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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Copyright, Comtex News Network, Inc. 2013
