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SmarTrend Watching for Potential Rebound in Shares of Tiffany & Co After 4.31% Loss

By Amy Schwartz

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $86.88 to a high of $89.60. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $89.03 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Tiffany & Co share prices have moved between a 52-week high of $141.64 and a 52-week low of $89.03 and are now trading 2% above that low price at $90.89 per share. The 200-day and 50-day moving averages have moved 0.12% lower and 1.82% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Tiffany & Co on November 15th, 2018 by issuing a Downtrend alert when the shares were trading at $104.75. Since that call, shares of Tiffany & Co have fallen 13.2%. 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