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

Published on Tue, 04/23/2013 - 14:23
By Peter Chu

Shares of Tupperware Brands (NYSE:TUP) traded at a new 52-week high today of $83.52. So far today approximately 388,000 shares have been exchanged, as compared to an average 30-day volume of 568,000 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 $83.52 and a 52-week low of $50.90 and are now trading 63% above that low price at $83.16 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.

Tupperware Brands has overhead space with shares priced $83.16, or 0.7% below the average consensus analyst price target of $83.78. The stock should discover initial support at its 50-day moving average (MA) of $79.20 and subsequent support at its 200-day MA of $64.53.

By Peter Chu
pchu@fnno.com