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Tiffany & Co Bullish Moving Average Crossover Alert (TIF)

By Shiri Gupta

Today, shares of Tiffany & Co (NYSE:TIF) have crossed bullishly above their 10-day moving average of $61.73 on a volume of 259K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Tiffany & Co has traded in a range of $56.99 to $96.43 and is now at $61.97, 9% above that low. The 200-day and 50-day moving averages have moved 0.6% lower and 0.69% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Tiffany & Co on May 6th, 2016 by issuing a Downtrend alert when the shares were trading at $69.16. Since that call, shares of Tiffany & Co have fallen 11.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses tiffany & co

Ticker(s): TIF