TIFFANY & CO
(TIF-NYSE):
Technical Viewpoint: From a low
of $37.26 on Sep 10, 2003 prices
rallied, reaching a
high of $40.00
on Sep 19, 2003. A
decline saw prices pull back, reaching a
low of
$37.19 on Sep 26, 2003.
Another rally saw prices penetrate
resistance, closing 10/9/03
at $40.77. Technicals: MACD Index (MACD): A Buy Alert!
was given on Oct 9, 2003 when the solid line crossed the dotted line to the upside.
Support: Remains at $38.38. Resistance: Is at $43.56.
Point & Figure: Reversed to the upside on Oct 9, 2003. A P&F upside
reversal takes place at $39.50. Summary: Technical indicators have turned bullish. BUY! TIFFANY & CO
(TIF-NYSE) @ $41.50 Stop: Use a protective stop of $39.50.
TIFFANY & CO is currently trading @ $40.77 plus $2.07 on Oct 9, 2003. Price Objective:
$50.00. Risk/Reward: $2.00 VS. $8.50. Today's Risk Reward Ratio: 4:1
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