We are purely technically driven market participants at ChartSmarter but we do pay a bit of attention to fundamental changes that stocks undergo (keep in mind that many times the best looking charts will emanate from the best run firms). Below we look at a company that has transformed itself from not just the household kitchen products, but is also now in the beauty space and one does not have to look far to see how names like ULTA and EL have behaved. Again our entries are 100% price driven but the conversion this name has undergone should not be overlooked and its footprint in Europe is expanding and many stocks in that region are acting firm. The next paragraph is precisely how we looked at TUP in our 5/1 Game Plan (anyone who would like a full copy of Fridays Game Plan please email me at chartsmarterblog@gmail.com).
Stocks that can be bought at the round numbers are TUP. TUP is a consumer play up 36% YTD and 23% over last one year period and sports a dividend yield of 3.8%. Earnings have been mixed with powerful gains of 11.9 and 7.7% on 4/25 and 7/20 and losses of 3.5 and 4.6% on 2/1 and 10/19 (week ending 2/3 ended UP 3.6% with nice reversal, a bullish sign). The stock higher 13 of the last 17 weeks with this weeks jump of 11.8% coming in the second best weekly volume in last 15 months and has made a nice move POST break from a bullish inverted head and shoulders pattern at round 60 number. TUP now 3% off recent 52 week highs this week and the stock broke above a weekly cup base trigger of 67 which began the week ending 8/26/16. Enter on move back toward round 70 number at 70.50.