Tempur-Pedic International Crosses Below its 10-day MA (TPX)
Tempur-Pedic International (NYSE:TPX) crossed under its 10-day moving average of $52.02 on a volume of 184K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Over the past year, Tempur-Pedic International has traded in a range of $50.76 to $82.61 and is now at $51.35, 1% above that low. The 200-day and 50-day moving averages have moved 0.27% lower and 0.53% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Tempur-Pedic International on September 28th, 2016 by issuing a Downtrend alert when the shares were trading at $57.38. Since that call, shares of Tempur-Pedic International have fallen 8.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses tempur-pedic international