Land Of The Jewelry Giants: Signet Jewelers Spikes
A pre-Christmas sales sprint left Signet Jewelers (SIG) with better-than-expected same-store holiday season results, launching the stock 9% to a new high Tuesday. Tiffany (TIF) and Zale (ZLC) rose in sympathy, gaining 2% each. Watch and accessory maker Fossil (FOSL) surged 3%. Signet slid after trying to break out of a flat base Dec. 18, but has rallied from support at its 50-day line. Tiffany, Zale and Fossil are below their 52-week highs.