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Upgrade Alert for Tempur-Pedic International (TPX)

By Amy Schwartz

Tempur-Pedic International (NYSE:TPX) was upgraded from Market Perform to Outperform at Raymond James today. The stock closed yesterday at $58.48 on volume of 5.1 million shares, above average daily volume of 1.3 million.

Tempur-Pedic International Inc., through its primary subsidiary Tempur World, manufactures and markets foam mattresses, pillows, and miscellaneous products under the Tempur-Pedic and other brand names.

Potential upside of 41.9% exists for Tempur-Pedic International, based on a current level of $58.48 and analysts' average consensus price target of $83.00. The stock should run into initial resistance at its 50-day moving average (MA) of $59.20 and subsequent resistance at its 200-day MA of $68.73.

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 closed yesterday at $58.48, 15% 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 0.4%.

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: analyst upgrades/downgrades tempur-pedic international

Ticker(s): TPX