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Watch for Continued Gains in Shares of Container Store (TCS)

By Amy Schwartz

Container Store (NYSE:TCS) traded today at a new 52-week high of $8.35. So far today approximately 132,000 shares have been exchanged, as compared to an average 30-day volume of 130,000 shares.

Container Store (NYSE:TCS) defies analysts with a current price ($8.27) 33.5% above its average consensus price target of $5.50. The stock should discover initial support at its 50-day moving average (MA) of $5.94 and subsequent support at its 200-day MA of $5.00.

The Container Store Group, Inc. operates specialty retail stores. The Company offers storage, organizational products and solutions. Container Store Group owns and operates its retail stores throughout the United States.

In the past 52 weeks, Container Store share prices have been bracketed by a low of $3.53 and a high of $8.35 and are now at $8.27, 134% above that low price. The 200-day and 50-day moving averages have moved 0.83% higher and 3.90% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Container Store on March 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $5.62. Since that recommendation, shares of Container Store have risen 42.5%. We continue to monitor TCS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows container store

Ticker(s): TCS