January 1 - July 16 S&P Up 9.70% NWL Up 2.63% Underperformance
July 16 - August 16 S&P Down 11.91% NWL Down 18.48% Underperformance
August 16 - today's close S&P Up 6.71% NWL Up 6.48% Underperformance
It is very consistent. That's good, except it consistently underperforms the benchmark. On the way down, it broke through an uptrend that was established in November, 2004! According to the Fibonacci number, you might see $28.68 on the rebound. That would bring it relatively close to where it broke the trendline also, but not back up to where the trendline would be now though. Newell has gone from an uptrend to a leaf blowing in the wind. The most likely next thing would be a run at the lows, because they have already taken this thing as high as they could, now it's time to test the other side of this equation. No trend will be set until the economy sets a direction, and/or some kind of noteworthy news comes out on Newell itself. The numbers release won't be until late October. Until then, it will be more the economic news driving this stock than anything else. However, when a stock consistently underperforms in all kinds of markets, that is generally not a good sign. If you can get $28.68, or even $28.50, that's a good sales price, but I wouldn't necessarily advocate buying it prior to getting that sales price!