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After Yesterday's Rally of 1.97% Shares Could Potentially Pullback

By James Quinn

Tempur-Pedic International (NYSE:TPX) traded in a range yesterday that spanned from a low of $46.81 to a high of $48.26. Yesterday, the shares gained 2.0%, which took the trading range above the 3-day high of $46.91 on volume of 504,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Tempur-Pedic International and will alert subscribers who have TPX in their portfolio or watchlist when shares have changed trend direction.

In the past 52 weeks, Tempur-Pedic International share prices have been bracketed by a low of $38.87 and a high of $82.61 and are now at $47.69, 23% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 0.5%.

Keywords: rebounders tempur-pedic international

Ticker(s): TPX