Stock to Sell #5 – Tiffany & Co. (TIF)
Lackluster performance for the fourth consecutive quarter has put new pressure on Tiffany & Co. (NYSE:TIF) stock. And for the past three quarters, earnings and revenues have failed to meet analysts’ expectations.
The stock is in a broad downtrend with a high at $65 and a low at about $50. Heavy insider sales and an MACD sell signal, as well as a breakaway gap down from its 200-day moving average, are convincing evidence that the stock is headed lower.
The next support for TIF is at $50. Sell or sell short TIF at the market.