Tiffany in Trouble

Shares of Tiffany (TIF) are on the verge of a new leg lower. The stock is beginning the new month at key support near the multi-week September lows, but the action of late is not encouraging. Tiffany is attracting very little interest as the September lows of $76.15 come into play. If this level is taken out the downside could accelerate rather quickly. The breakdown that began in late August would be given a new spark.

Back on Aug. 27, Tiffany traced out an ugly downside reversal. The stock pushed into new 52-week-high territory following its earnings report before fading badly late in the day. The damage continued the next day, as selling pressure remained well above trend....208 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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