Saturday, February 09, 2008

TPX Analysis for 02.09.2008

TEMPUR PEDIC INTERNATIONAL - TPX

Monthly chart shows the sharp selloff off the November 2007 high. So far, the stock has lost more than $20 of its $37.87 high. No buy signal/pattern evident on this timeframe.

Weekly chart shows continued weakness with more selling activity last week. No buy signal/pattern evident on this timeframe.

Daily chart shows that the selling has stopped for now, with early buyers stepping back into the stock on Thursday and Friday. No buy signal/pattern evident on this timeframe.

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