The bearish DailyPlay we chose for Wednesday January 13th is Tiffany & Co (TIF). TIF is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 5.71% move lower and it’s 1m and 6m trend turned bearish on 1/04 while breaking below its $78 support area.
Tiffany & Co’s 1m and 6m trends turned bearish on 1/04 and broke below its $72 minor support area. With a technical score of 3 (out of 10), TIF looks positioned to continue this strong bearish trend lower.