Tiffany's Interesting Twist

Tiffany & Co. (TIF) is interesting again. The company posted a great outlook at the end of November, pushing shares up nicely. Now, after a week of consolidation, TIF has broken higher from a flag pattern. Before I get too excited, the current intraday candlestick is worth noting. Right now, we have the potential to close the day with a doji pattern. Usually, this is seen as a pattern of indecision or even a reversal of trend. The trend really has been one of consolidation, so I would interpret the doji as a non-committed breakout. We need to see another day of strong action to pursue this name. If we get a five-day high in the volume, that would be something worth noting and give the bulls a slight edge going into tomorrow. I'm leaning long, but I just need to see a little something more. Any close below $87.50 and I lose interest in the long side. In fact, I believe we would see a quick test of $86; a short scalp will be on the table below $87.50.

TIF Source: StockCharts.com View Chart » View in New Window »

Newell Rubbermaid (NWL) has quietly put together a solid 40% run higher this year. If we see a close above $30.70, this stock may not be done. There is solid support under the stock, along with a 2% yield, so not a bad name for the middle-of-the road investor looking for upside potential along with a little income. Nothing fundamentally will blow folks away on this, nor make them rush headlong into the stock, so the tech picture is all I am looking at here....46 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.

Already a Subscriber? Please login.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.