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SmarTrend Watching for Potential Pullback in Shares of Tiffany & Co After 1.48% Gain

By James Quinn

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $106.56 to a high of $107.44. Yesterday, the shares gained 1.5%, which took the trading range above the 3-day high of $107.11 on volume of 212,000 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.

In the past 52 weeks, Tiffany & Co share prices have been bracketed by a low of $73.04 and a high of $141.64 and are now at $107.44, 47% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 1.1%.

Keywords: rebounders tiffany & co

Ticker(s): TIF