Tiffany & Co Looks to Continue to Trade Below its Annual-Low Share Price Today
Shares of Tiffany & Co (NYSE:TIF) traded today at $58.14, breaking its 52-week low. Approximately 851,000 shares have changed hands today, as compared to an average 30-day volume of 1.4 million shares.
Over the past year, Tiffany & Cohas traded in a range of $58.14 to $96.43 and are now at $58.20. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.6%.
There is potential upside of 63.2% for shares of Tiffany & Co based on a current price of $58.20 and an average consensus analyst price target of $94.99. The stock should run into initial resistance at its 50-day moving average (MA) of $70.90 and subsequent resistance at its 200-day MA of $75.90.
Tiffany & Co. operates jewelry and specialty retail stores and designs and manufactures its products through subsidiary companies. The Company retails its products through stores and boutiques in the United States, Mexico, Canada, and Brazil, and wholesales outside the United States. Tiffany also markets through the Internet and catalogs.
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 13.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows tiffany & co