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Watch for Continued Gains in Shares of Tupperware Brands (TUP)

Published on Fri, 02/01/2013 - 15:37
By Robert Cotter

Shares of Tupperware Brands (NYSE:TUP) traded today at $77.34, breaking its 52-week high. This new high was reached on approximately average trading volume as 491,000 shares traded hands, while the average 30-day volume is approximately 483,000 shares.

Tupperware Brands (NYSE:TUP) has potential upside of 4.9% based on a current price of $77.23 and analysts' consensus price target of $81.00. The stock should discover initial support at its 50-day moving average (MA) of $65.85 and subsequent support at its 200-day MA of $58.34.

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.

Over the past year, Tupperware Brands has traded in a range of $50.90 to $77.34 and is now at $77.23, 52% above that low. The 200-day and 50-day moving averages have moved 0.44% higher and 1.41% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com