GMOTruths
Long

KATE - Demand Level Reached

NYSE:KATE   KATE SPADE & CO
6 1 0
Time to get long KATE             .

I expect a turn in price from down to up rather quickly (1-2 days).

Weekly chart shows that price hasn't been this low since July 2013.
Timing:
Price surged from $20 to $22.50 — over 11% in 2 days. Seems overbought for now and it might go back down on a shorter time frame.

Taking a small profit here. For now...
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