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After Yesterday's Rally of 1.46% Shares Could Potentially Pullback

By Shiri Gupta

Tempur Sealy Int (NYSE:TPX) traded in a range yesterday that spanned from a low of $50.02 to a high of $50.93. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $50.12 on volume of 271,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Tempur Sealy Int share prices have moved between a 52-week high of $82.32 and a 52-week low of $39.57 and are now trading 28% above that low price at $50.79 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has slid 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tempur Sealy Int on February 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $57.81. Since that call, shares of Tempur Sealy Int have fallen 13.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders tempur sealy int

Ticker(s): TPX