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After Yesterday's Rally of 1.11% Shares Could Potentially Pullback

By James Quinn

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $101.19 to a high of $103.35. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $102.75 on volume of 721,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Tiffany & Co and will alert subscribers who have TIF in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Tiffany & Co has traded in a range of $56.98 to $111.44 and is now at $102.02, 79% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.7%.

Keywords: rebounders tiffany & co

Ticker(s): TIF