Pristine's Stock Of The Week
By David Bush, co-editor of The Pristine Day Trader and Pristine Lite

Industry: Consumer Products-Misc Closing Price: 31.73 P/E: 15.3 Avg. Vol.: 654K

Company Profile: Tupperware Brands Corporation manufactures and sells a broad line of consumer products for the home. The Company's Tupperware products include food storage and other containers, as well as a line of children's educational toys, serving products, and gifts. Tupperware's products are distributed worldwide primarily through the direct selling method of distribution.

Chart Setup: Pristine Breakout (PBO) after Professional Gap (Pro Gap). TUP opened with a Professional Gap (Pro Gap) last Wednesday and closed with a Bullish Wide Range Bar (+WRB) breaking out above prior pivot highs. The price traded during the last 3 sessions in the upper 1/2 of the +WRB and leaving relatively equal highs suggesting consolidation. We'll look to buy TUP if it trades above the highs of the last 3 sessions looking for a continuation of the PBO. Tip: Since today we're expecting the FOMC decision on interest rates at 2:15PM, our entry will only take place after the announcement.

Trading Strategy: We'll look to buy TUP if it trades above 32.50 after 2:30PM EST, placing our protective stop under 30.89. We'll look for a $2.00 to $3.75 move.

SPW Update: OMCL was invalidated due to an excessive move in the first 5 minutes of the entry day which took the price beyond 50% of our first target. The last 1/3 of GVHR remains open with a daily trailing stop (Current is 14.57) Excellent trade!


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