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How to Trade Luxury Retailers Movado and Tiffany

Luxury retailers Movado (MOV) and Tiffany (TIF) have solid gains since setting their 2016 lows in June, but they are down year to date and are in bear market territory as they prepare to report quarterly results on Thursday.

On the bright side, both stocks have positive weekly charts, which is a pattern that favors a positive reactions to earnings.

Analysts expect Movado to earn 31 cents a share when it reports earnings for the quarter ended in July before the opening bell on Thursday. The stock is positioned between its 38.2% and 50% Fibonacci retracements of its decline from $30.98, set on March 11, to its June 13 low of $19.14.

Analysts expect Tiffany to earn 71 cents a share when it reports earnings for the quarter ended in July before the opening bell on Thursday. The stock is positioned just below its 200-day...


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