Shares of Michael Kors Holdings Ltd (NYSE:KORS) are falling to the tune of over 7% today, as the retailer came out with earnings
. The earnings
themselves were not too bad, but it was the guidance which was disappointing to the street. This company is one of the retail darlings and is considered the hot name when it comes to fashion as it has taken a ton of market share from its competitors. With Michael Kors Holdings Ltd (NYSE:KORS) stock on sale today, I have isolated two levels on the charts where the stock can be bought for a potential intra day bounce in its share price. The first area of support would be $74 and the second would be around $70.55. The stock has already had a nice bounce off the pierce of $76 level where there is a ton of weekly chart support. Keep the levels on your charts as they will provide areas to profit on the long side.
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