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Bullish Moving Average Cross by Tupperware Brands (TUP)

By James Quinn

Today, shares of Tupperware Brands (NYSE:TUP) have crossed bullishly above their 10-day moving average of $71.96 on a volume of 127K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Tupperware Brands has traded in a range of $42.60 to $74.36 and is now at $72.44, 70% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that subscribers consider buying shares of Tupperware Brands on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.61. Since that recommendation, shares of Tupperware Brands have risen 24.5%. We continue to monitor TUP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses tupperware brands

Ticker(s): TUP