Watch for Continued Gains in Shares of Jarden (JAH)

Published on Wed, 02/18/2015 - 15:17
By Mallory Stone in 52 Week high-lows, JAH, 52 week high/lows, jarden, nyse:jah

Jarden (NYSE:JAH) traded today at a new 52-week high of $53.03. Approximately 1.3 million shares have changed hands today, as compared to an average 30-day volume of 1.3 million shares.

In the past 52 weeks, Jarden share prices have been bracketed by a low of $36.17 and a high of $53.03 and are now at $52.85, 46% above that low price. The 200-day and 50-day moving averages have moved 0.33% higher and 0.58% higher over the past week, respectively.

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.

Jarden (NYSE:JAH) is currently priced 3.2% above its average consensus analyst price target of $51.15. The stock should discover initial support at its 50-day moving average (MA) of $47.62 and subsequent support at its 200-day MA of $41.77.

By Mallory Stone
mstone@fnno.com

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