Shares of Tupperware Brands (TUP) are climbing through major resistance on the daily stock chart. This equates to a major stock chart break out as price has exceeded the daily 20 and 50 moving average and broke out above the upper trend line of the wedge. This is likely a significant, and will likely take Tupperware Brands to a first target of $12.50.
Tupperware Brands Corp was a huge decliner in 2019, falling form a 52 week high of $39 to a recent low o $7.20. There are tons of shorts which will cover during this stock chart break out. Short squeezes add fuel to the fire of any move.
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