Watch for Tupperware Brands to Potentially Rebound After Falling 5.19% Yesterday
Tupperware Brands (NYSE:TUP) traded in a range yesterday that spanned from a low of $60.40 to a high of $63.95. Yesterday, the shares fell 5.2%, which took the trading range below the 3-day low of $64.16 on volume of 926,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
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 $61.35, which is 44% above that low price. The 200-day and 50-day moving averages have moved 0.28% lower and 0.92% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of Tupperware Brands on June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $58.43. Since that recommendation, shares of Tupperware Brands have risen 10.5%. We continue to monitor TUP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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