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Bullish Moving Average Cross by Tempur-Pedic International (TPX)

By Amy Schwartz

Today, shares of Tempur-Pedic International (NYSE:TPX) have crossed bullishly above their 10-day moving average of $46.61 on a volume of 1.4 million shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tempur-Pedic International share prices have been bracketed by a low of $38.87 and a high of $82.61 and are now at $48.63, 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Tempur-Pedic International and will alert subscribers who have TPX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses tempur-pedic international

Ticker(s): TPX