TIF dominated by bulls lifting the market higher throughout the day
Tiffany & Co. (TIF) Technical Analysis Report for Sep 14, 2018 | by Techniquant Editorial Team
Moving higher for the 3rd day in a row, TIF finished the week 4.74% higher at 128.69 after gaining $2.66 (2.11%) today. Today's closing price of 128.69 marks the highest close since August 28th. The bulls were in full control today, moving the market higher throughout the whole session. Closing above Thursday's high at 126.66, Tiffany & confirms its breakout through the prior session's high having traded $2.46 above it intraday. Ending with a strong close near the high of the day sets a bullish note for the next session.
Daily Candlestick Chart (TIF as at Sep 14, 2018):
Friday's trading range was $3.51 (2.79%), that's slightly above last trading month's daily average range of $3.38. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.
Prices are trading close to the key resistance level at 130.97.
The stock shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The market managed to break above the 20-day moving average at 126.61 today for the first time since July 17th.