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What’s Ahead for Tiffany & Co. (TIF) After Forming Ascending Triangle?

December 8, 2017 - By Richard Conner

The stock of Tiffany & Co. (TIF) formed an ascending triangle with $90.74 target or 5.00 % below today’s $95.52 share price. The 8 months triangle pattern indicates high risk for the $11.87 billion company. If the $90.74 price target is reached, the company will be worth $593.55 million less.
The ascending triangle is a questionable performer despite its reputation as a reliable chart pattern. The ascending triangle has break even failure rate for up and down breakouts of 13% and 11%, respectively. The average rise and decline is 35% and 19%. The throwback or so called pullback rates are: 57% and 49%. The stocks meeting their targets is high for this type of breakout: 75% and 68% percent.

The stock increased 0.35% or $0.33 during the last trading session, reaching $95.52. About 1.37M shares traded. Tiffany & Co. (NYSE:TIF) has risen 46.84% since December 8, 2016 and is uptrending. It has outperformed by 30.14% the S&P500.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Among 24 analysts covering Tiffany & Co. (NYSE:TIF), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Tiffany & Co. had 75 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, August 15 by Jefferies. The firm has “Hold” rating given on Tuesday, February 7 by HSBC. As per Monday, December 21, the company rating was upgraded by Jefferies. The stock of Tiffany & Co. (NYSE:TIF) earned “Hold” rating by Goldman Sachs on Friday, September 22. The company was maintained on Thursday, August 27 by Topeka Capital Markets. The stock has “Outperform” rating by William Blair on Monday, March 20. Bernstein maintained Tiffany & Co. (NYSE:TIF) rating on Wednesday, October 14. Bernstein has “Outperform” rating and $101 target. On Tuesday, January 19 the stock rating was maintained by Mizuho with “Buy”. The stock has “Neutral” rating by Goldman Sachs on Thursday, May 26. On Friday, August 26 the stock rating was maintained by Mizuho with “Buy”.

More important recent Tiffany & Co. (NYSE:TIF) news were published by: Nytimes.com which released: “Finally, You Can Have Breakfast at Tiffany” on November 11, 2017, also Fortune.com published article titled: “Tiffany & Co. Is Selling a $1000 Tin Can”, Fool.com published: “Tiffany & Co. (TIF) Q3 2017 Earnings Conference Call Transcript” on November 30, 2017. More interesting news about Tiffany & Co. (NYSE:TIF) was released by: Fool.com and their article: “Tiffany & Co. Stock Upgraded: What You Need to Know” with publication date: December 01, 2017.

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