TPX trade ideas
Tempur Sealy heading to All Time HighTODAY'S ANNOUNCEMENT has Tempur heading to a all time high very soon
Tempur Sealy International Inc.'s shares TPX, +2.07% rose 5% in premarket trade Tuesday, after the mattress company said it has added two new retailers to its network and expanded its relationship with an existing one. The Lexington, Ky.-based company said it expects the new agreements too boost sales by more than $400 million on an annual run rate basis. It expects the sales lift to add $75 million to $100 million to annual adjusted EBITDA from 2020. The new retailers are Mattress Firm Inc., which will reintroduce Tempur-Pedic, Stearns & Foster and Sealy branded products at about 2,500 stores across the U.S. That deal is expected to start in the fourth quarter and to be completed early in the first quarter of 2020. The second retailers is Big Lots Inc., which has 1,400 stores in the U.S. The company is extending its agreement with Beter Bed Holding, a European retailer. Tempur Sealy shares have gained 63% in 2019, while the S&P 500 SPX, +0.09% has gained 15%.
AVERAGE ANALYSTS PRICE TARGET $73
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT
P/E RATIO 36
SHORT INTEREST 11%
COMPANY PROFILE
Tempur Sealy International, Inc. develops, manufactures, markets and distributes bedding products. It operates through North America and International segments. The North America segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in the U.S. and Canada. The International segment consists of Tempur and Sealy manufacturing and distribution subsidiaries, joint ventures and licensees located in Europe, Asia-Pacific and Latin America. Its products include mattresses, adjustable bases, pillows and other sleep and relaxation products. Its brands include Tempur, Tempur-Pedic, Sealy featuring Posturepedic Technology and Stearns & Foster. The company was founded by Robert B. Trussell, Jr. in 1992 and is headquartered in Lexington, KY.
TPX could bounce Technicals
RSI(10) @62 reaching for higher highs - OBV confirming trend
ADX (directional index) on a continuing positive trend
We see a very bullish move, as a hammer candlestick is formed at the 61.8% retracement level.
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This is happening as the market as a whole is on a rally.
I would wait to see if we can break $68 (heavy resistance) on Monday.
TPX about to meet the short!!!TPX is in a short term uptrend, yet strength is beginning to dissipate. Key resistance is the daily trend indicated by the diagonal white line. Keep an eye on the RSI and the beginning SMII indicator to enter the short. Entrance on the 1 hour time-frame for an optimum swing trade down.
This analysis is only for educational use, and is in no way advice for buying or selling.
Happy trading :0) and please like, comment and share!!!
TPX 9 RRR shortSame exact pattern on a weekly TF as well.
Trading Methodology:
1. An asymmetric bullish/bearish pennant is drawn using ascending and descending curved trend lines with a minimum of three price action touche points per line. The direction is determined by the previous trend.
2. The angle tool is applied from the earliest two trend touch points, beginning at the earliest touch point.
3. A trend-based Fibonacci retracement triangle is drawn starting from the earliest trend touch point and ending at the earliest touch point of the opposite trend line .
4. Based on the degree, of the earlier defined angle, the appropriate (and secret) levels are selected for the fibonacci retracement ; two levels for stop-loss and two levels for take-profit. The closest stop-loss level to the current price level is the top priority stop-loss. Though the secondary stop-loss level is often chosen for some markets such as FX and some equities in order to account for seldom unexpected resistance breaks. The greater target level is the top priority, and where majority of the shares are sold, though some may choose to close part of the position at the first target level or set it to be the stop-loss once price exceeds it. Entries should be laddered in around the levels closest of the yellow line.
This trading strategy can be applied to any market and time frame, and positions most often garner the greatest risk-to-reward ratio with the highest success rate. What more can you ask for? I will only be posting my unique trading strategy until EOY. I work solely with price action to identify pennants and apply unique trend-based fibonacci retracement levels for SL and TP levels. Reach out to me if you have any questions.
TPX Hourly SwingOn both the daily and the hourly chart, TPX has been creating a pretty nice divergence. I'm thinking this will be a position I sell by the end of the week depending on if it goes overbought and/or starts breaking daily moving averages. I don't use intraday MA's as I like to swing and, in my opinion, see daily MA's as the strongest of support/resistance.
TPX - Inverse H&S formation Long to $62.13TPX seems breaking out of a inverse H&S formation. It has broken out the neck line, retested it from upside & now resuming its upward move. We think it was good upside potential from here.
* Trade Criteria *
Date First Found- July 13, 2017
Pattern/Why- Inverse H&S formation
Entry Target Criteria- From current label
Exit Target Criteria- 1st Target $55, 2nd Target $62.13
Stop Loss Criteria- $49.57
Please check back for Trade updates. (Note: Trade update is little delayed here.)
OverboughtToday we see an attempt to correct the current uptrend. This may result in the closure of the window even.
TPX good chanes're aheadTempur Perdic Inc.
This stock gives us a good opportunity about both short and long.
TPX is one of the top bullish stock of US Goods sector.
Plan A: we buy after the price violates the top of rectangle and gives us a good candle.
Plan B: we sell in the case the stock hit the top and start going lower after that.
But untill this rectangle isn't resolved we need to wait
TPX breakout or reversal the upmove slowed down and we formed a reistance level @61.75
wehere we currently sit at its now either break or rejection of that level
$TPX Bearish weekly technicals with support at $53.49 and $49.11Key points;
1) False break. Price shot through resistance (old highs) then reversed back underneath it.
2) ADX is too weak to suggest a strong weekly trend
3) Lower lows and lower close compared to last week
4) Weekly uptrend level has already been broken, and thus has transitioned into a sideways / range bound pattern. Thus selling high levels / buying low levels is appropriate.
5) MACD-Signal difference has contracted week on week
6) RSI is not oversold so timing is reasonable
As always DYOR
