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Tiffany & Co. (TIF) Shows First Signs Of Recovery In Luxury Spending
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Posted on 11/25/09 at 1:33pm by Mark Moneymaster
Tiffany & Co. (NYSE: TIF) advanced 3.9 percent to $43.50 after rising in morning trading to $44.04, the highest intraday price since September 2008. The advance with high volumes ensured that the stock was looking buliish on technical trends.
Tiffany & Co. (TIF), the world’s second-largest luxury-jewelry retailer reported Q3 profit that was higher than analysts’ estimates and boosted its full-year forecast as revenue grew in Asia and Europe.
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