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Tupperware Brands Set to Possibly Pullback After Yesterday's Rally of 1.04%

By James Quinn

Tupperware Brands (NYSE:TUP) traded in a range yesterday that spanned from a low of $60.70 to a high of $61.67. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $61.46 on volume of 244,000 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, shares of Tupperware Brands have traded between a low of $42.60 and a high of $67.74 and are now at $61.53, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has slid 0.3%.

SmarTrend recommended that subscribers consider buying shares of Tupperware Brands on January 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.61. Since that recommendation, shares of Tupperware Brands have risen 5.8%. We continue to monitor TUP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders tupperware brands

Ticker(s): TUP