Time to Sell Tiffany & Co. (TIF) After The Completion of This Bearish Ascending Triangle Pattern?

December 8, 2017 - By Nellie Frank

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 1.37 million 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 stock of Tiffany & Co. (NYSE:TIF) has “Buy” rating given on Tuesday, March 22 by SBG Securities. Mizuho downgraded the stock to “Neutral” rating in Monday, February 6 report. The stock of Tiffany & Co. (NYSE:TIF) has “Outperform” rating given on Thursday, January 21 by Bernstein. Deutsche Bank maintained the stock with “Hold” rating in Friday, August 26 report. The rating was maintained by Cowen & Co on Thursday, November 30 with “Buy”. The stock of Tiffany & Co. (NYSE:TIF) has “Buy” rating given on Thursday, July 13 by Oppenheimer. On Wednesday, January 20 the stock rating was maintained by Telsey Advisory Group with “Outperform”. As per Wednesday, July 29, the company rating was initiated by Mizuho. Monness Crespi & Hardt maintained the stock with “Buy” rating in Friday, August 28 report. The stock of Tiffany & Co. (NYSE:TIF) has “Buy” rating given on Wednesday, April 5 by Jefferies.

More important recent Tiffany & Co. (NYSE:TIF) news were published by: Fortune.com which released: “Tiffany & Co. Is Selling a $1000 Tin Can” on November 09, 2017, also Nytimes.com published article titled: “Finally, You Can Have Breakfast at Tiffany”, Fool.com published: “Tiffany & Co. Stock Upgraded: What You Need to Know” on December 01, 2017. More interesting news about Tiffany & Co. (NYSE:TIF) was released by: Fool.com and their article: “Tiffany & Co. (TIF) Q3 2017 Earnings Conference Call Transcript” with publication date: November 30, 2017.

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