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After Yesterday's Rally of 1.34% Shares Could Potentially Pullback

By David Diaz

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $60.29 to a high of $61.52. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $60.79 on volume of 786,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Tiffany & Co has traded in a range of $56.99 to $96.43 and is now at $61.41, 8% 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 12.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders tiffany & co

Ticker(s): TIF