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July 03, 2023
Friday at a glance: the Cryovac and Bubble Wrap developer ended Thursday's session at $39.35, spiked up to $40.32 and closed at $40 — gaining 1.65% Friday.
United States ISM Manufacturing PMI (Jun) is next today at 14:00 UTC.
Sealed Air Corp's upper Bollinger Band® is at $40.54, this is a slight indication of a slowdown. Sealed Air is 46 cents away from testing key resistance at $40.46. Peaking above this level could inspire market bulls and open the path to further gains.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates Sealed Air is set for a reversal in the coming days.
A look at other consumer discretionary stocks also showed bullish price action as McDonald's was up 1.34%. Amazon added 1.92% to its value, and traded at $130.36.
While Sealed Air was bullish Friday, the following consumer discretionary stocks underperformed: Nike went down 2.65%, closed at $113.37.
Also worthy of note, United States ISM Manufacturing PMI (Jun) will be released today at 14:00 UTC.
Having set a significant high of $61.53 11 months ago, the Cryovac and Bubble Wrap developer is trading 36.05% lower.
