2 Stocks Prone to Short-Covering

These two consumer brands stocks both saw strong performances in Friday's session and have returned to retest key technical resistance levels. The improving price momentum suggests those levels will be broken to the upside, and large short positions could power a covering rally.

The weekly chart of direct-to-consumer marketer Tupperware Brands (TUP) is overlaid with three Fibonacci tools that all point to an important level in time and price: black retracement levels off the 2013 high and the 2016 low range; red cycle lines that radiate from the 2016 low, based on the Fibonacci ratio; and a simple green Fibonacci time line starting at the low this year....296 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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