Tiffany & Co. (TIF) Formed a Bearish Ascending Triangle Pattern, Could Be One of The Worst Performers Going Forward

December 8, 2017 - By Dolores Ford

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. Jefferies maintained the stock with “Buy” rating in Wednesday, April 5 report. The stock has “Hold” rating by SBG Securities on Thursday, November 30. The firm earned “Neutral” rating on Thursday, May 26 by Goldman Sachs. Vetr upgraded it to “Buy” rating and $104.68 target in Thursday, August 13 report. The stock has “Hold” rating by RBC Capital Markets on Wednesday, August 16. The company was downgraded on Tuesday, February 7 by HSBC. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, November 29. The stock of Tiffany & Co. (NYSE:TIF) earned “Buy” rating by Zacks on Wednesday, August 26. The firm has “Buy” rating by Citigroup given on Wednesday, October 7. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, July 6.

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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