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Berger: Tiffany sparkles despite dollar gloom

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April 01, 2015 #saxostrats, bull market, bullish, diamonds, eq, eq3, equities, equities 2014, equities 2015, equities in china, equities oracle, equities over valued, equities prices, equities saxo, equities strength, equities trade, equities trading, equities v bonds, equitiy, equity, equity analyst, equity bubble, equity clients, equity correction, equity decline, equity falls, equity index, equity market, equity market 2014, equity market 2015, equity markets, equity platform, equity portfolio, equity portfolios, equity research, equity rise, equity risk premium, equity risk premiums, equity strategy, equity trades, equity trading, equity us, equity valuation, equtiies, equtiy, euro, fx, fx crosses, fx forex, fx market, fx markets, fx options, fx strategy, fx trade, fx trade idea, fx trading, fx volatility, jewellery, retail, retail industry, retail sales, saxo tv, serge berger, serge traders trale, shares, shares 2014, shares and tapering, shares down, shares drop, shares drops, shares europe, shares or bonds, shares prices, shares up, shopping, shops, stock, stock market, stock markets, stock picks, stock trading, stocks, stocks markets, stocks to watch, tiffany & co., tiffany and co, tiffanys, tiffanys 2013 returns, tips, tradingfloor.com, uis, us, us dollar, us dollar index, us economy, us fed, us government, us jobs, us jobs data, us stocks, usa, usd, usd eur, usd index, usd jpy, usd strength, usdaud, usdcad, usdcad trading, usdchf, usdchf bullish, usdeur, usdgbp, usdjpy, usdjpy currency, usdrub, yus
Although overseas earnings for US luxury goods retailer Tiffany & Co will be hit by a stronger USD, Serge Berger believes with 50% of sales in the US the firm could perform better than many analysts predict.  

Serge takes us through his trade and explains why he's taking the opposite side of the FX hit debate. He argues that the charts show that the stock is still holding its multi-year up-trend line and says that "is just one reason why a better bounce attempt here could make sense."     

Entry: Serge is buying the CFD at USD 89.50 or higher.
Stop: USD 85.70.
Target: USD 95.50.
Time horizon: 2-4 weeks.