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Recent 52-Week High Exceeded in Shares of Tupperware Brands (TUP)

Published on Wed, 05/22/2013 - 15:01
By Adrienne Chilton

Shares of Tupperware Brands (NYSE:TUP) traded today at $85.22, breaking its 52-week high. This new high was reached on below average trading volume as 321,000 shares traded hands, while the average 30-day volume is approximately 590,000 shares.

Tupperware Brands Corporation manufactures and sells a broad line of consumer products for the home. The Company's Tupperware products include food storage and other containers, as well as a line of children's educational toys, serving products, and gifts. Tupperware's products are distributed worldwide primarily through the direct selling method of distribution.

Tupperware Brands share prices have moved between a 52-week high of $85.22 and a 52-week low of $50.90 and are now trading 67% above that low price at $84.77 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.5%.

Tupperware Brands (NYSE:TUP) has potential upside of 0.7% based on a current price of $84.77 and analysts' consensus price target of $85.33. The stock should find initial support at its 50-day moving average (MA) of $80.94 and further support at its 200-day MA of $67.47.

By Adrienne Chilton
achilton@fnno.com