Tempur Pedic upgrade
Friday, September 07, 2007
Shares of Tempur Pedic were up today more than 3% to $31.55 after a CIBC World Markets Corp. analyst upgraded Tempur Pedic International Inc. Friday, following the mattress and pillow maker's analyst day, saying the company is growing amid a broader industry slowdown. We have to remenber that on Wednesday, also JPMorgan Securities analyst have upgraded the company. So, there is a reason to buy the stock after exceelnets comments given by this houses of investment. Technically speaking, stock at this moment is trading in a clear Bull Market with 50 dma on top of 200 dma. TPX has been pulling back from recent 52 week highs at $33.57 however making lower highs. Looks like stock will test again this level over next week, it's my opinion, so keep an eye on TPX.
Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations.The charts provided here are not meant for investment purposes and only serve as technical example.
Labels: TPX
