Long Position on TIF @ $99.34 on 12/15/2017 (Momentum)

Tiffany & Co. (TIF) designs, manufactures, and retails jewelry and other items worldwide.

Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands; and non-gemstone, sterling silver, and gold jewelry.

The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories.

In addition, it wholesales diamonds to third parties. The company offers its products through retail sales, Internet and catalog sales, business-to-business sales, and wholesale distribution.

As of January 31, 2016, it operated 125 stores in the Americas, 85 stores in the Asia-Pacific, 55 stores in Japan, 43 stores in Europe, and 5 stores in the United Arab Emirates. 

Shares broke out of its bullish "cup and handle" yesterday on the news that a European luxury maker may make a bid for Tiffany. Please see our blog about the report. Higher share prices are expected for this stock.

52-Weeks Trading Range: $76.08 - $100.80

Entry Point: $99.34

Stop Loss: $94.25

Target Price: $109.27

Updates

1/16/2018 10:10:29 AM

TIF closed at $109.30

Position closed on 1/16/2018 at price of $109.30 with a 10.03% gain in 32 days.

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