user warning: Got error 28 from storage engine query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 431894 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Watch for Continued Gains in Shares of Jarden (JAH)

Published on Tue, 01/29/2013 - 15:14
By Peter Chu

Shares of Jarden (NYSE:JAH) traded at a new 52-week high today of $58.81. So far today approximately 225,000 shares have been exchanged, as compared to an average 30-day volume of 593,000 shares.

Jarden (NYSE:JAH) has potential upside of 7.9% based on a current price of $58.71 and analysts' consensus price target of $63.33. The stock should discover initial support at its 50-day moving average (MA) of $52.92 and subsequent support at its 200-day MA of $47.76.

Jarden share prices have moved between a 52-week high of $58.81 and a 52-week low of $33.30 and are now trading 76% above that low price at $58.71 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.9%.

Jarden Corporation provides a broad range of consumer products. The Company's product segments include Outdoor Solutions, Consumer Solutions and Branded Consumables. Jarden sells branded products through a variety of distribution channels, including club, department store, drug, grocery, mass merchant, sporting goods and specialty retailers, as well as direct to consumers.

By Peter Chu
pchu@fnno.com