Analysts used to gauge iPhone sales by the length of the line at Apple stores. General opinion and uninformed individuals are doing the same for RL, regarding in-store sales. Supply chain efficiencies improved significantly, YOY, revenue from online sales overseas is most robust it has ever been, and domestic transactions in America are strong online. If iPhone...
Michael Kors charts seems in the middle of a 3 wave correction on the daily timeframe. I'm expecting the completion of this potential expanding flat before one more wave up. Bearish divergence and gap to fill.
Making a Bull Flag consolidation
Had a previous uprun.
Look for declining volume within this pattern.
You could buy at the bottom of the consolidation but watch breaks below 60
Clear buy above 70.
Sell at double top at 99.
Michael Kors (KORS) has had an impressive 6 months skyrocketing up in its price from just over $30 to $65+ now. That's (almost) more than a 100% increase in six months (depending on your entry price). Stating it as an annualised return is stupid but it's fun to just say that that would mean just under or over 200%.
In any case, the run up has been great. But what...
Michael Kors (KORS) is a company that has been on my radar for a good quarter. Ever since the retail apocalypse, many retail stocks continue to pop up on my screens in my search for deep value. KORS is an interesting play, and I will have a detailed write up on it on my investing blog (rockvuecapital.wordpress.com) within the week. But for now, lets look at the...
Currently, there are three earnings announcements next week that meet my >70% implied volatility rank, >50% implied volatility standards: YELP, KORS, and NVDA and that offer up at least 1.00 ($100)/contract in credit for my troubles.
YELP Aug 19th 26.5/38 short strangle goes for 1.09 ($109)/contract at the mid (Tuesday after market close).
The downward channel broke severely to the downside this week after KORS plummeted an additional 25% post-earnings. I think the multi-year lows of ~35/36 will be tested if not breached. Even if the stock is slightly oversold in the very near term, the trend on the technicals is pretty clear.
After a dismal earnings release and a 25% drop in the price...
If KORS gaps below 59.80 consider using the Retest Gap strategy. If it gaps above 63.52 consider using the Gap N Go strategy but watch out for pivot point at 65.83 and the 100sma. To get a free and complete trading education go to www.RealLifeTrading.com
Kors is high-growing company with EPS for the past 5 years 130%. So, if it misses or meets with expactations on its report that will be soon on August 5th, it may frustrate investors and trigger further selling.
Technically, it pierced psychological mark $100, but failed to close above, from hwere it sold off. It found support at $86 that was recently broken with...