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Newell Brands Inc $NWL Has Been Toasted, Know

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Newell Brands Inc $NWL Has Been Toasted, Know This Trade Level

Newell Brands Inc (NYSE:NWL) is a leading marketer of consumer and commercial products. Some of the products include Paper Mate, Sharpie, Dymo, Expo, Parker, Elmer's, Coleman, Jostens, Marmot, Mr. Coffee, Rubbermaid Commercial Products, Graco, Baby Jogger, NUK, Calphalon, Rubbermaid, Contigo and others.

Today, the stock is making a new 52-week low trading at $22.14 a share. Traders and investors should note that the stock actually topped out in June 2017 at $55.08 a share. So it easy to see the down trend that NWL stock is currently in. The next major support level for this stock will be around the $17.00 area. Unfortunately, this support area is still much lower than the current share price. This level is where the stock broke out in August 2012 from an eight month base. Often, prior break-out levels will serve as excellent support when retested.




Nicholas Santiago
InTheMoneyStocks





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