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Tempur Sealy International, Inc.Tempur Sealy International, Inc.Tempur Sealy International, Inc.

Tempur Sealy International, Inc.

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TPX trade ideas

Tempur Sealy heading to All Time HighTODAY'S ANNOUNCEMENT has Tempur heading to a all time high very soon Tempur Sealy International Inc.'s shares TPX, +2.07% rose 5% in premarket trade Tuesday, after the mattress company said it has added two new retailers to its network and expanded its relationship with an existing one. The Lexington, Ky.-based company said it expects the new agreements too boost sales by more than $400 million on an annual run rate basis. It expects the sales lift to add $75 million to $100 million to annual adjusted EBITDA from 2020. The new retailers are Mattress Firm Inc., which will reintroduce Tempur-Pedic, Stearns & Foster and Sealy branded products at about 2,500 stores across the U.S. That deal is expected to start in the fourth quarter and to be completed early in the first quarter of 2020. The second retailers is Big Lots Inc., which has 1,400 stores in the U.S. The company is extending its agreement with Beter Bed Holding, a European retailer. Tempur Sealy shares have gained 63% in 2019, while the S&P 500 SPX, +0.09% has gained 15%. AVERAGE ANALYSTS PRICE TARGET $73 AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT P/E RATIO 36 SHORT INTEREST 11% COMPANY PROFILE Tempur Sealy International, Inc. develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. Its products include mattresses, adjustable bases, pillows and other sleep and relaxation products. Its brands include Tempur, Tempur-Pedic, Sealy featuring Posturepedic Technology and Stearns & Foster. The company was founded by Robert B. Trussell, Jr. in 1992 and is headquartered in Lexington, KY.
NYSE:TPXLong
by RedHotStocks
TPX 9 RRR shortSame exact pattern on a weekly TF as well. Trading Methodology: 1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend. 2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point. 3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line . 4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line. This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
NYSE:TPXShort
by fiboracle
TPX - Inverse H&S formation Long to $62.13TPX seems breaking out of a inverse H&S formation. It has broken out the neck line, retested it from upside & now resuming its upward move. We think it was good upside potential from here. * Trade Criteria * Date First Found- July 13, 2017 Pattern/Why- Inverse H&S formation Entry Target Criteria- From current label Exit Target Criteria- 1st Target $55, 2nd Target $62.13 Stop Loss Criteria- $49.57 Please check back for Trade updates. (Note: Trade update is little delayed here.)
NYSE:TPXLong
by AcornWealthCorp
$TPX Bearish weekly technicals with support at $53.49 and $49.11Key points; 1) False break. Price shot through resistance (old highs) then reversed back underneath it. 2) ADX is too weak to suggest a strong weekly trend 3) Lower lows and lower close compared to last week 4) Weekly uptrend level has already been broken, and thus has transitioned into a sideways / range bound pattern. Thus selling high levels / buying low levels is appropriate. 5) MACD-Signal difference has contracted week on week 6) RSI is not oversold so timing is reasonable As always DYOR
NYSE:TPXShort
by ITM.Trading
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