timwest
Long

Michael Kors - KORS -Daily - I can't believe I'm saying this ...

NYSE:KORS   MICHAEL KORS HLDGS LTD
276 9 6
But it actually looks like a buy here. The MACD is crossing up.

Risk only 1 point to make it up to $74-76 from $72.16 last.

I've put out several successful shorts on this "over-loved", "over-valued" stock but now that it refuses to go down with the market, it looks like it is due for at least a rebound rally ahead of the holiday selling season.

It is above the lowest two-days highs and might be a low-risk buy here.

Tim
10/2/2014 10:45AM EST

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Trading - there's a time to sell until there is a time to buy. :)
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Where would you putting your stop on a buy of this particular instrument?
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timwest PRO justindanethan
Risk was 1 pt from entry.
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Good call man...
+1 Reply
your timing is awesome!
+1 Reply
timwest PRO elcololp
Thanks elcololp - I wish it always worked that way.
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It's bouncing at the 500day MA as well
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EXIT --- 76 last+

4 pts - zero loss along the way.
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Resistance from several areas.
snapshot
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