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Tupperware Brands Bullish Moving Average Crossover Alert (TUP)

By David Diaz

Today, shares of Tupperware Brands (NYSE:TUP) have crossed bullishly above their 10-day moving average of $63.51 on a volume of 111K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Tupperware Brands share prices have been bracketed by a low of $42.60 and a high of $67.74 and are now at $64.16, 51% above that low price. 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 June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.43. Since that recommendation, shares of Tupperware Brands have risen 8.5%. 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