Tupperware Continues to Churn Towards the $8 Resistance

August 1, 2023

(24/7 MARKET NEWS) – Tupperware Brands Corp. (NYSE:TUP) blew through our $4 resistance call and its next big inflection point is $8. Although it’s not a perfect gap, since TUP traded between $6-8 in October, but we still think that this is where the chart gets really exciting, as there isn’t much resistance between the current prices and early November gap, when it was about $8. No guarantee that it happens, but many stocks tend to refill gaps.

TUP is trading at $4.87, up $0.60 (+14.05%), on 16.79M shares traded.

Its 52-week range is $0.61 to $12.86. This morning’s premarket high now becomes the next inflection point.

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