Tiffany Sparkles

Tiffany (TIF) is a top gainer this morning. Shares of the luxury retailer are up just shy of 3% after a Stifel Nicolaus analyst upgraded Tiffany to Buy from Hold, with a new price target of $92. The stock gapped to the upside on the news, and is now testing its June highs. With another $2 of potential upside from current levels, the stock will be challenging the 52-week high it reached back in late May.

Tiffany (TIF) -- Daily Source: eSignal View Chart » View in New Window »

On May 28, Tiffany put in an ugly spike high. The stock began that session with a huge gap-higher open that lifted the stock to fresh rally highs, and the powerful bull run that began on New Year's Eve appeared to be leading to a new leg higher. Unfortunately, after a rise off Tiffany's blowout first-quarter report, the bullish momentum was not maintained and the stock quickly began to slide....246 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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