Tiffany & Co. : Severly punished?
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$60.54 | $0 | $56 | -100% |
From a fundamental viewpoint, the security is weak valued with price earnings ratio of 17.49 for this year, and for next year is estimated to 15.03. In addition it has also a weak enterprise value to sales ratio at 2.18 for this year. These ratios show an attractive price for the investors.
After several weeks of horizontal fluctuation within the medium-term's range 57.3 / 79.9 USD, the stock comes to the lower bound of this range. Moving averages are still in a downward trend but indicators in oversold situation could encourage a renewed interest in the share.
The support area of 57 / 59 USD could breed a positive reaction for the coming sessions and allow a rebound towards the short-term resistance of 64.57 USD and then long-term target price is situated on the mid-term resistance of 80 USD.
Technically, for several weeks Tiffany & Co. 's share fell heavily. The target of this bullish configuration is placed at first important resistance of 64.5 USD. While moving averages are still in a downward trend but indicators could encouraging a renewed interest in the share.