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Tiffany & Co Set to Possibly Pullback After Yesterday's Rally of 1.17%

By Nick Russo

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $91.57 to a high of $93.22. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $92.50 on volume of 564,000 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, shares of Tiffany & Co have traded between a low of $56.99 and a high of $97.29 and are now at $92.85, which is 63% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.7% while the 200-day MA has slid 0.6%.

Keywords: rebounders tiffany & co

Ticker(s): TIF