$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 up tightly within a consolidated trend channel. The immediate support for a convincing breakdown of this price channel is at $36.00.
$TPX together with its subsidiaries, develops, manufactures, markets, and distributes bedding products in the United States, Canada, and internationally.