Tiffany & Co. (NYSE: TIF)

Tiffany & Co., through its subsidiaries, designs, manufactures, and retails jewelry worldwide. Its jewelry products include fine and solitaire jewelry; engagement rings and wedding bands to brides and grooms; and non-gemstone, sterling silver, gold, and metal jewelry. The company also sells timepieces, leather goods, sterling silverware, china, crystal, stationery, fragrances, and accessories. In addition, it wholesales diamonds to third parties. The company offers its products through retail sales, Internet and catalog sales, business-to-business sales, and wholesale distribution. As of January 31, 2015, it operated 295 stores, including 122 stores in the Americas, 73 stores in the Asia-Pacific, 56 stores in Japan, 38 stores in Europe, 5 stores in the United Arab Emirates, and 1 store in Russia.
Take a look at the 1-year chart of Tiffany (NYSE: TIF) below with added notations:

After a big drop in January, TIF started trading sideways over the following 4 months. The stock then jumped higher in May and has traded sideways, again, since. While in the most recent sideways move, the stock has formed a common pattern known as a rectangle. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern.
TIF’s rectangle pattern has formed a resistance at $95 (red), which has also been key to the stock in the past, and a $90 support (green) that was a key resistance during TIF’s previous sideways move. At some point the stock will have to break one of the two levels, and if the $95 resistance breaks, traders should look for a run back up to the $100 level (blue).

The Tale of the Tape: TIF is trading within a rectangle pattern. The possible long positions on the stock would be either on a pullback to $90 or on a breakout above $95. The ideal short opportunity would be on a break below $90.