Spectrum Brands Trades Below 200 & 50-Day SMA: How to Play the Stock?

Spectrum Brands Holdings Inc. (SPB) has encountered a notable resistance level, prompting caution among investors from a technical standpoint. It has been trading below the 200-day and 50-day simple moving averages (SMAs) for quite some time now, suggesting a bearish trend.Currently, at $73.38, SPB remains below its 200-day and 50-day SMAs of$86.95 and $81.72, respectively, indicating a possible sustained downward trend.SPB Trades Below 200 & 50-Day SMAImage Source: Zacks Investment ResearchSpectrum Brands ...