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Tuesday Morning Looks to Continue to Trade Below its Annual-Low Share Price Today

By Amy Schwartz

Tuesday Morning (NASDAQ:TUES) traded at a new 52-week low today of $1.75. Approximately 381,000 shares have changed hands today, as compared to an average 30-day volume of 412,000 shares.

There is potential upside of 157.1% for shares of Tuesday Morning based on a current price of $1.75 and an average consensus analyst price target of $4.50. The stock should run into initial resistance at its 200-day moving average (MA) of $7.06 and subsequent resistance at its 50-day MA of $7.83.

Over the past year, Tuesday Morninghas traded in a range of $1.75 to $14.53 and are now at $1.75. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has advanced 1.2%.

Tuesday Morning Corporation is a closeout retailer of upscale home furnishings, gifts, and related items. The Company sells a variety of brand name merchandise such as Ralph Lauren bed linens, Waterman pens, and Royal Dalton china and giftware at a discount.

SmarTrend recommended that its subscribers protect gains by selling shares of Tuesday Morning on January 18th, 2017 by issuing a Downtrend alert when the shares were trading at $4.70. Since that call, shares of Tuesday Morning have fallen 60.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows tuesday morning

Ticker(s): TUES