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After Yesterday's Rally of 4.07% Shares Could Potentially Pullback

By Nick Russo

Tempur-Pedic International (NYSE:TPX) traded in a range yesterday that spanned from a low of $57.79 to a high of $60.68. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $59.81 on volume of 871,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Tempur-Pedic International share prices have been bracketed by a low of $50.80 and a high of $82.61 and are now at $60.37, 19% 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%.

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.

Keywords: rebounders tempur-pedic international

Ticker(s): TPX