Today's price action hit the demand zone, if this is retest, then expect to see upward action again.
This is a luxury brands operator, owning Michael Kors, Jimmy Choo and Versace, all brands at diff stages, MK is a cash cow funding the expansion of Versace and Jimmy Choo.
Versace and Jimmy Choo have extensive upside if they can grow the group whilst MK carries...
From a technical standpoint , I can count 4 waves up off of the low, with the 5th now forming in a rising wedge. The rising wedge is rising into a key daily supply zone ($66.50-$70), which is a fresh level and sold off heavily last time we were here. This price action is also taking place below a major monthly resistance. Technicals are suggesting a short...
Started position as the stock came through its inside pivot & PEG day anchored VWAP. Ran up nicely before giving a lot of the move back in the afternoon.
CPRI showed massive growth in EPS last year (+205.52%) and estimates for the current year (with 2 quarters already reported) are EPS growth of 180.87% with sales growth of 33.37% supporting the EPS...
With another massive earnings beat, the market continues to find value in this name that was getting beaten up long before COVID. Should be interesting to see if CPRI can continue to impress into holiday season and beyond.
Q2 2021 Highlights
Revenue increased 178%, with better than anticipated results across all three luxury houses
Adjusted gross margin...
Wow, $CPRI looks to be breaking out of a long term down trend. This is a weekly chart. The longer term down trend line was drawn from a monthly chart. This looks like it's breaking out of a Cup with Handle formation on the weekly and the monthly long term down trend. I have this on my watch list to see how it acts next week. Take a look at the last 2 earnings beat...
Whenever there's a chance to get in at a lower price on a stock such as CPRI, we take the opportunity.
Overall retail will perform decently on re-opening theses and people returning to jobs.
R of 1.32 is decent although not the best, but with the potential for it to move, we can set alerts and move Stops to B/E at the alert ray
Falling wedge & just above horizontal support.
Daily hidden bullish divergence on MACD and RSI
4hr local classic bullish divergence on the MACD and hidden bullish divergence on the RSI
Stop = Below horizontal support
Target = Horizontal resistance
CPRI shows promising value and returns for the future. To be 100% realistic, the gap between the haves and have-nots has grown significantly since the Fed started inflating asset prices with their asset purchases and unlimited liquidity.
Essentially, this has driven up financial securities and their pricing/valuations. Taking this into account, the majority of...
After the break at 45, price is holding above that area. Valuations are good as of this moment, and the US Stimulus will further increase the upside momentum of US Stocks.
CPRI has spiked on a earnings beat, here are some levels of interest
where resistance may take effect.
The Fibonacci Golden pocket @ $26.73-$27.83 is of particular interest .
This looks set to be a runner for days to come.
Crossing the IPO Level was quite bullish.
This stock was over $100 5 years ago, so no concern about the recent rally.
$30-$31 would be a...
Perfect break above the 200ma and looking for continuation in
this stock that has become quite popular among some high profile traders.
MACD and Histogram very bullish.
Volume needs to increase.
Targets as per chart
Potential long term hold-
Has underperformed its peers in high end retail brands.
Alert set for break above 200ma.
Target1 - IPO level
Target2 - $25.25 previous pivot point.
Luxury spending has remained high during the pandemic & CPRI has
a diversified portfolio of high end brands.
