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Tiffany & Co Set to Possibly Pullback After Yesterday's Rally of 1.76%

By Shiri Gupta

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $91.90 to a high of $93.85. Yesterday, the shares gained 1.8%, which took the trading range above the 3-day high of $92.08 on volume of 434,000 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.

Over the past year, Tiffany & Co has traded in a range of $56.99 to $97.29 and is now at $93.79, 65% above that low. The 200-day and 50-day moving averages have moved 0.6% lower and 0.69% higher over the past week, respectively.

Keywords: rebounders tiffany & co

Ticker(s): TIF