Clear bull pennant, Target 20+ easily, get in on TUP now 9/18 ATM calls are cheap and should profit nicely
You've heard about GameStop ($gme), now take a look at $tup. Tupperware Brands Corporation, trading at 6.51$ a share on the Friday close, with an history of down-gaps after earnings plays. Down over 93.11% from the highs, $tup has definitely taken a beating from its peak Christmas '13, but I'm betting on a big reversal here. Daily chart shows two gaps on chart,...
Beginning of a new trend? Symmetrical bowl top RSI formation.
Shares of TUP are approaching a critical long-term support level at $39-42, depicted on this weekly chart with the blue line. The daily chart is also looking favorable, with shares now trading above the 50-day moving average, and my 5/13ema's are in a buy mode. I'm a buyer with a stop on a weekly close below $39.
Testing resistance. If it can break out next stop is in the mid 80s.
TUP seems falling down from a Rising wedge formation, and very nicely rolling over to the bottom side. On the fundamental side it has huge 4.68 debt to equity ratio, and there were some insider selling as well. For trade we are looking for Jan2017 $60 puts, which are trading for $2.73 You can check our detailed analysis on TUP in the trading room/ Executive...
Tuperware goes ex-div 6/16/2014. Looks good for a bounce off the lower established trend line combined with the resistance level.