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Shares of Tupperware Brands Have Risen Above Previous 52-Week High

Published on Fri, 04/26/2013 - 14:17
By Robert Cotter

Shares of Tupperware Brands (NYSE:TUP) traded today at $84.12, breaking its 52-week high. Approximately 360,000 shares have changed hands today, as compared to an average 30-day volume of 544,000 shares.

Tupperware Brands has overhead space with shares priced $83.23, or 0.7% below the average consensus analyst price target of $83.78. The stock should find initial support at its 50-day moving average (MA) of $79.43 and further support at its 200-day MA of $64.80.

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.

In the past 52 weeks, shares of Tupperware Brands have traded between a low of $50.90 and a high of $84.12 and are now at $83.23, which is 64% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.

By Robert Cotter
rcotter@fnno.com