Tuesday Morning (NASDAQ:TUES) traded today at a new 52-week high of $9.08. This new high was reached on approximately average trading volume as 297,000 shares traded hands, while the average 30-day volume is approximately 262,000 shares.
In the past 52 weeks, Tuesday Morning share prices have been bracketed by a low of $3.21 and a high of $9.08 and are now at $8.99, 180% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.3% while the 50-day MA has advanced 2.5%.
Tuesday Morning Corporation is a closeout retailer of upscale home furnishings, gifts, and related items. The Company sells a variety of brand name merchandise such as Ralph Lauren bed linens, Waterman pens, and Royal Dalton china and giftware at a discount.
Tuesday Morning has overhead space with shares priced $8.99, or 18.3% below the average consensus analyst price target of $11.00. The stock should find initial support at its 50-day moving average (MA) of $6.66 and further support at its 200-day MA of $5.53.