Sealed Air opened at $42.46 Friday before posting solid session gaining 0.55%

Friday at a glance: generally flat but with a slight bullish bias, Sealed Air ranged between $41.84 and $42.7 before closing higher at $42.42.

Sealed Air Corp could be slowing down soon as it approaches resistance at $42.8. Of course, crossing it might suggest further gains are ahead. Despite posting gains on Friday, Sealed Air slid below its 5 day Simple Moving Average at $42.62 during the last session — an early indicator that a negative trend could be emerging.

Sealed Air is likely to reverse course and start pointing downward in the short term.

Sealed Air went up Friday, yet these consumer discretionary stocks did not follow — Alibaba went down 2.9%, closed at $87.89. Nike went down to $120.21, losing 1.64% after it closed at $122.22 Friday. Amazon closed at $110.26 (down 1.71%).

The Cryovac and Bubble Wrap developer is now trading 16.27% below its 3-month high of $64.63.