Sealed Air posts record single day jump of $1.81 (+4.77%)

The Cryovac and Bubble Wrap developer traded at $39.72 Friday, after making its biggest single-day jump of $1.81 (4.77%) since Jan 31.

Sealed Air Corp made an initial breakout above its 5 day Simple Moving Average at $39.17, a potential indicator of a newly emerging bullish phase. On the other hand, note that Sealed Air could be slowing down soon as it approaches resistance at $40.28. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Sealed Air might continue pointing upwards in the short term.

A look at other consumer discretionary stocks also showed bullish price action as Toyota was up 3.8%. Nike traded at $107.78 after closing Friday's trading day at $103.29 (up 4.35%). Walt Disney gained 2.46%, as it traded at $90.77.

Also worthy of note, United States ISM Non-Manufacturing PMI (May) scheduled to come out tomorrow at 14:00 UTC. United States Services PMI is expected tomorrow at 13:45 UTC.

Trending downwards for around a month. The Cryovac and Bubble Wrap developer is now trading 19.87% below its 3-month high of $63.95.