likebike

Safe, Long-Term Buy for KATE (Kate Spade)

Long
NYSE:KATE   None
Kate Spade has made a major retracement, and it is currently being supported by three things:
* The 30-year moving average (shown as the dark-blue line).
* The 8-year moving average (shown as the light-blue line).
* The 61.8% Fibonacci level (shown as the red line).

If KATE bounces at this point, it is likely to head to new highs over the next 10 years. This makes KATE an excellent buy-and-hold candidate for a retirement portfolio.
Trade closed: stop reached: Price broke through the supports, thus invalidating the context for the trade. Trade closed @ 14.50
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.