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After Yesterday's Decline of 1.83%, Tiffany & Co Offers Investors Better Value

By James Quinn

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $131.75 to a high of $135.40. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $135.51 on volume of 603,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Tiffany & Co share prices have been bracketed by a low of $86.15 and a high of $141.64 and are now at $134.44, 56% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.8%.

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 35.7%. We continue to monitor TIF for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders tiffany & co

Ticker(s): TIF