📊 Analysis:
Acquisition of Mattress Firm: NYSE:TPX has acquired Mattress Firm in a strategic move valued at approximately $4 billion.
Vertical Integration: The acquisition complements product development and manufacturing capabilities with vertically integrated retail.
New Flagship Products: Launch of new flagship products addresses consumer pain points and...
Middle or short-term scenarion. Maybe 2-7 days. Buy level is ploted on the graph.
Source: PHLX exchange
Based on our team's research of the options market, we expect buy activity at the support level or sell activity at the resistance.
We primarily consider levels to be activity zones, but not to be a super-fine level for establishing a limit order. Use them...
Based on historical movement, the trough could occur anywhere in the larger red box. The final targets are in the green boxes. The pending top should occur within the larger green box as has been the historical case. Half of all movement has ended in the smaller green box. In this instance, the signal indicated BUY on February 18, 2022 with a closing price of...
TPX made a base over base and broke out!
Fundamentally, it's earnings and sales have been growing more than 30% quarter over quarter and is expected to continue growing.
Technically, it's been in a range since March 2021. After the earnings report in July it broke out of the range and started consolidating above the previous range creating a base over base...
XHB broke through an important 77.5 low volume node today and TPX has just been on fire. You might be asking how a mattress company and homebuilders are correlated well I'm playing it as a proxy and potentially one that could outperform the homebuilder index in general. You gotta have mattress for those homes :)
We hope you had a good weekend and nice 4th July for our American friends.
$TPX had a beautiful breakout with a nice volume on Friday.
Fundamentals are not exceptional but still very good.
We will see tomorrow if it confirmed !
TPX broke out after consolidation that was followed by a massive up trend since the March 2020 crash.
* It has volume
* It's making all-time-highs
* It has momentum
I think this can come back to retest the 40.45 area or consolidate above the breakout for a bit before moving higher.
Final thoughts:
* Look for buying opportunities in the $40.45 to $41.04 area
*...
After a massive 2020 run, Tempur Sealy been consolidating sideways since March of this year and now forming a 3 months consolidation box pattern. The one negative about the pattern is OBV breaking below its previous low (red line on OBV) indicating institutions possibly distributing shares vs accumulating. Need to see OBV breaking back up below the red line to get...
$TPX traded to a new all time high of $39.40, closing the session at lower at $38.51 as major U.S. Indexes were flat in overnight trading with investors awaiting for the outcome of the U.S. Federal Reserve’s two-day policy meeting in the later trading session.
The overall gain achieved for $TPX in this month of March has exceeded +15%, with price action treading...
