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Possible Bearish Inside Day Candle Pattern Detected for Tempur Sealy Int (NYSE:TPX)

By Nick Russo

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Tempur Sealy Int (NYSE:TPX) based on the price action in the company's shares. Today's price range of $63.14 and $63.31 is within yesterday's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Tempur Sealy Int may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

In the past 52 weeks, Tempur Sealy Int share prices have been bracketed by a low of $38.90 and a high of $68.42 and are now at $63.14, 62% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.

Tempur Sealy International Inc., through its primary subsidiary manufactures and markets foam mattresses, pillows, and miscellaneous products under its own and other brand names.

Tempur Sealy Int (NYSE:TPX) defies analysts with a current price ($63.14) 4.5% above its average consensus price target of $60.29. Tempur Sealy Int shares have support at the 50-day moving average (MA) of $60.04 and additional support at the 200-day MA of $53.51.

SmarTrend is monitoring the recent change of momentum in Tempur Sealy Int. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tempur Sealy Int in search of a potential trend change.

Keywords: bearish inside day candle tempur sealy int

Ticker(s): TPX