Tiffany & Co.
December 14, 2011 by staff
Tiffany & Co., Tiffany & Co (NYSE:TIF) has opened bearishly below the pivot of $66.06 today and has reached the first level of support at $63.86. Analysts will be watching for a cross of the next downside pivot targets of $62.54 and $59.02.
In the past 52 weeks, shares of Tiffany & Co have traded between a low of $54.58 and a high of $84.49 and are now at $63.55, which is 16% 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 advanced 0.5%.
Tiffany & Co. operates jewelry and specialty retail stores and designs and manufactures its products through subsidiary companies. The Company retails its products through stores and boutiques in the United States, Mexico, Canada, and Brazil, and wholesales outside the United States. Tiffany also markets through the Internet and catalogs.
Potential upside of 29.1% exists for Tiffany & Co, based on a current level of $63.55 andanlysts’ average consensus price target of $82.06. Tiffany & Co shares should first meet resistance at the 200-day moving average (MA) of $70.23 and find additional resistance at the 50-day MA of $72.21.
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