Tempur Sealy Wakes Up

Big earnings-driven moves, both positive and negative, often disrupt chart patterns and cause us to re-evaluate a stock. Technical traders believe in buying strong stocks in a strong market because positive news is in the process of being assimilated into the price. That good news often becomes public knowledge after the stock has already made a run.

This was not the case with Tempur Sealy (TPX). After reaching its year-to-date closing high of $50.07 on March 27, this stock put many observers to sleep by drifting sideways in a bull market. The stock suddenly woke up after reporting earnings Nov. 6 and has since gained about 20%. After this bullish run, does TPX still have upside?...267 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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