user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 464211 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Bearish Moving Average Cross by Tempur-Pedic International (TPX)

Published on Thu, 03/21/2013 - 11:15
By Peter Chu

Tempur-Pedic International (NYSE:TPX) crossed under its 10-day moving average of $45.77 on a volume of 265K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

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) is currently priced 6.8% above its average consensus analyst price target of $42.44. The stock should find initial support at its 50-day moving average (MA) of $39.51 and further support at its 200-day MA of $31.55.

Tempur-Pedic International share prices have moved between a 52-week high of $87.43 and a 52-week low of $20.70 and are now trading 120% above that low price at $45.53 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.9%.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Shares of United Therapeutics Have Risen...

United Therapeutics (NASDAQ:UTHR) traded at a new 52-week high today of $119.06. So fa ...

Shares of United Rentals Rise to a New 5...

United Rentals (NYSE:URI) traded today at a new 52-week high of $119.50. So far today ...

Union Pacific Looks to Continue to Trade...

Shares of Union Pacific (NYSE:UNP) traded today at $106.55, breaking its 52-week high. ...

Unum Group Looks to Continue to Trade Ab...

Shares of Unum Group (NYSE:UNM) traded today at $36.75, breaking its 52-week high. Thi ...

Watch for Continued Gains in Shares of U...

Shares of United Bankshares (NASDAQ:UBSI) traded at a new 52-week high today of $33.55. ...

Watch for Continued Gains in Shares of T...

Tata Motors (NYSE:TTM) traded at a new 52-week high today of $48.64. This new high was ...

Shares of Tesla Motors Inc Rise Above Pr...

Tesla Motors Inc (NASDAQ:TSLA) traded today at a new 52-week high of $284.89. This new ...

Trinity Industries: The Winning Streak C...

Trinity Industries (NYSE:TRN) traded at a new 52-week high today of $49.65. This new h ...