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Tiffany & Co Looks to Continue to Trade Above its Annual-High Share Price Today

By Shiri Gupta

Tiffany & Co (NYSE:TIF) traded at a new 52-week high today of $137.00. This new high was reached on below average trading volume as 350,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.

Tiffany & Co. operates jewelry stores and manufactures products through its subsidiary corporations. The Company operates retail stores in the Americas, Asia-Pacific, Japan, Europe and the United Arab Emirates, and also engages in direct selling through internet, catalog, and business gift operations.

Tiffany & Co (NYSE:TIF) is currently priced 18.1% above its average consensus analyst price target of $112.04. The stock should discover initial support at its 50-day moving average (MA) of $109.29 and subsequent support at its 200-day MA of $100.68.

Tiffany & Co share prices have moved between a 52-week high of $137.00 and a 52-week low of $86.15 and are now trading 59% above that low price at $136.75 per share. The 200-day and 50-day moving averages have moved 0.68% higher and 2.08% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Tiffany & Co on April 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $101.00. Since that recommendation, shares of Tiffany & Co have risen 34.6%. We continue to monitor TIF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows tiffany & co

Ticker(s): TIF