General Stock Ideas

[ITMS]

$TUP Stock Chart Break Out!

Shares of Tupperware Brands (TUP) are climbing through major resistance on the daily stock chart. This equates to a major stock chart break out as price has exceeded the daily 20 and 50 moving average and broke out above the upper trend line of the wedge. This is significant, and will likely take Tupperware Brands to a first target of $12.50.

Tupperware Brands Corp was a huge decliner in 2019, falling form a 52 week high of $39 to a recent low o $7.20. There are tons of shorts which will cover during this stock chart break out. Short squeezes add fuel to the fire of any move. Take note of the chart below and trade it accordingly...

Here is the chart... https://inthemoneystocks.com/tupperware-brands-tup-stock-chart-break-out/

Gareth Soloway
Chief Market Strategist
InTheMoneyStocks.com