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Tupperware Brand Bearish Moving Average Crossover Alert (TUP)

By Nick Russo

Tupperware Brand (NYSE:TUP) crossed under its 10-day moving average of $50.33 on a volume of 160K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Tupperware Brand share prices have moved between a 52-week high of $74.36 and a 52-week low of $48.45 and are now trading 3% above that low price at $49.86 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tupperware Brand on January 31st, 2018 by issuing a Downtrend alert when the shares were trading at $59.03. Since that call, shares of Tupperware Brand have fallen 14.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tupperware brand

Ticker(s): TUP