| 2016-11-28 13:25:03|
TIF 13:25 11/28 11/28/16
Tiffany technical comments before earnings news
The stock had been trading in a wide range over the course of the past year, largely bound between $57 at the low and $75 at the high until recently. There has been a breakout above that $75 level which could extend if the news is a positive surprise. Resistance levels to watch as potential upside objectives above the current price of $77.39 are at the $80 area, $81.89 which is the 52-week high, $82.83, and $84.20. If the news is a negative surprise, the prior range could come back into effect. First significant support would be at the $75 area. Additional support levels to watch as potential downside objectives would be at $73.21, $70.86, and $69.29.