Jarden Close to the 50 Day

Published on Wednesday, 08 September 2010 08:52 Written by Christopher Lynn

New York, September 8th (TradersHuddle.com) - Shares of Jarden Corporation (NYSE:JAH) closed the trading day at $28.05 close to its 50 day moving average currently set at $27.96. Jarden's price action is just above this important support level translating into a trading opportunity.

Jarden Corporation (NYSE:JAH) provides a broad range of consumer products. Its product segments include Outdoor Solutions, Consumer Solutions and Branded Consumables. Jarden sells products through a variety of brands, like First Alert, Coleman, Oster, Sunbeam, Food Saver, and Marmot using several distribution channels, including club, department store, drug, grocery, mass merchant, sporting goods and specialty retailers, as well as direct to consumers.

Looking at peaks and troughs horizontal support and resistance levels, we can see current calculated support at $25.93 and calculated resistance at $29.66. These levels should also be evaluated by traders when planning their trades, as they provide an insight into the latest price action.

Traders wanting to establish a position on Jarden will be looking at the price action for evidence of buying near the 50 day moving average, and opening a position as close as possible to this important level. Also traders will be looking at the latest price action, via the stocks current range previously defined for insights of other key levels that might affect their upside or downside.