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After Yesterday's Rally of 2.24% Shares Could Potentially Pullback

By Nick Russo

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $97.44 to a high of $98.84. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $96.89 on volume of 739,000 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 monitoring the recent change of momentum in Tiffany & Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Tiffany & Co in search of a potential trend change.

In the past 52 weeks, Tiffany & Co share prices have been bracketed by a low of $73.04 and a high of $130.62 and are now at $98.59, 35% above that low price. The 200-day and 50-day moving averages have moved 0.44% lower and 0.56% lower over the past week, respectively.

Keywords: rebounders tiffany & co

Ticker(s): TIF