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Tiffany & Co Falls 4.81% on Heavy Volume: Watch For Potential Rebound

By James Quinn

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $109.26 to a high of $113.87. Yesterday, the shares fell 4.8%, which took the trading range below the 3-day low of $113.20 on volume of 859,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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, shares of Tiffany & Co have traded between a low of $90.46 and a high of $141.64 and are now at $110.72, which is 22% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

Keywords: rebounders tiffany & co

Ticker(s): TIF