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Stock Investors Sell Off Shares of Tempur-Pedic International, Down 1.7%

Published on Thu, 03/28/2013 - 12:20
By Adrienne Chilton

One of today's notable stocks in decline is Tempur-Pedic International (NYSE:TPX), down 1.7% to $49.21. The Dow is up 0.3% to 14,563 and the S&P is currently up 0.2% to 1,566.

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.

Tempur-Pedic International (NYSE:TPX) defies analysts with a current price ($49.21) 13.7% above its average consensus price target of $42.44. Tempur-Pedic International shares have support at the 50-day moving average (MA) of $40.74 and additional support at the 200-day MA of $31.85.

Over the past year, Tempur-Pedic International has traded in a range of $20.70 to $87.43 and is now at $49.21, 138% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.9%.

By Adrienne Chilton