Tupperware Brands (TUP)

[ITMS]

Tupperware Brands Gets Slammed, Here Is The Trade

Tupperware Brands Corp (NYSE:TUP) is a leading manufacturer and marketer of food storage containers and serving items. Today, the stock is declining lower by nearly 10.0 percent after reporting earnings. TUP stock is now testing its November lows at $57.41 a share, but further downside is likely. By looking at a weekly chart today's decline is eliminating eleven weeks up upside. This tells me that the stock will need to have more selling before a true low is found. Traders and investors should now watch the $55.00 area as the next major chart support level. This area is where the stock was defended by the institutional money in January 2017 and it will likely be sponsored again when retested.





Nicholas Santiago
InTheMoneyStocks