Tempur-Pedic (TPX) Holding Up in Weak Market
Elyse Andrews, Cabot Headline News
February 11, 2010
When the market
is correcting, it’s wise to put stocks that are holding up well on your Watch
List because they are the likely leaders when a new uptrend begins, according
to Investor’s Business Daily. Tempur-Pedic (TPX) is jus that type of stock, as
it has been showing strength in recent weeks.
TPX has not
fallen below its 10-week moving average for several months and when it did dip
to the line, the stock bounced off and closed near the top of its range for the
day, IBD reported.
Additionally,
TPX’s Relative Strength line is hitting a new high. According to IBD, the stock’s
volume has been above average during its up weeks, indicating that
institutional investors are buying shares.
Tempur-Pedix
(TPX) is a
Cabot Top Ten Report stock.
---
Want more information on the markets? Do you know about the Cabot Top Ten Weekly?
Cabot Top Ten Weekly is the best weekly source of the hottest stocks for immediate investment. Strength is the one simple criteria for stock selection resulting in highly liquid stocks that are under powerful accumulation.
"The Cabot Top Ten serves as the heart of a very successful
momentum investment system. I recommend this report very highly.”
~ M. Feller, Wayne, New Jersey, USA
Cabot Top Ten Weekly typically presents a broad array of stocks including big well known companies paying dividends, small unknown companies on the verge of huge growth, revolutionary growth companies, recent IPOs and leading companies in hot sectors. Suitable for both investors and traders, Cabot Top Ten Report uses the Cabot OptiMo proprietary stock screening system to uncover the market's strongest stocks, presents recommended buying ranges and advises you about them in regular weekly updates until recommending that you sell them.
Don't wait, subscribe to the Cabot Top Ten Weekly today. Act now for a special introductory rate.
Michael Cintolo
Vice President of Investments, Editor of Cabot Market Letter and Cabot Top Ten Weekly
A growth stock and market timing expert, Michael Cintolo is editor of Cabot Market Letter and Cabot Top Ten Weekly.
Since joining Cabot in 1999, Mike has uncovered exceptional growth
stocks and helped to create new tools and rules for buying and selling
stocks. Perhaps most notable was his development of the proprietary
trend-following market timing system, Cabot Tides that has helped Cabot
place among the top handful of market-timing newsletters numerous
times. Cabot Market Letter is one of only nine newsletters included in
Hulbert Financial Digest's 2010 Honor Roll for performance in up and
down markets, and is a Timer Digest Top Ten Long-Term Timer.