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Tiffany & Co Set to Possibly Pullback After Yesterday's Rally of 2.24%

By James Quinn

Tiffany & Co (NYSE:TIF) traded in a range yesterday that spanned from a low of $97.44 to a high of $98.84. Yesterday, the shares gained 2.2%, which took the trading range above the 3-day high of $96.89 on volume of 739,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Tiffany & Co have traded between a low of $73.04 and a high of $130.62 and are now at $98.59, which is 35% 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 declined 0.6%.

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.

Keywords: rebounders tiffany & co

Ticker(s): TIF