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SmarTrend Watching for Potential Rebound in Shares of Tupperware Brand After 41.56% Loss

By James Quinn

Tupperware Brand (NYSE:TUP) traded in a range yesterday that spanned from a low of $9.19 to a high of $9.60. Yesterday, the shares fell 41.6%, which took the trading range below the 3-day low of $9.61 on volume of 365,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Tupperware Brand and will alert subscribers who have TUP in their portfolio or watchlist when shares have changed trend direction.

Tupperware Brand share prices have moved between a 52-week high of $38.90 and the current low of $9.19 and are currently at $9.21 per share. Over the last five market days, the 200-day moving average (MA) has gone down 2.6% while the 50-day MA has declined 1.9%.

Keywords: rebounders tupperware brand

Ticker(s): TUP