Shares of CPRI (formerly KORS) have esatablished a new uptrend (white line) after breaking out of a downward trend (red line)... That downward trend has also served as support, which bodes well.
The OBV is improving and demonstates buyers are gaining control, and technical indicators like RSI and MACD seem to validate the bullish thesis.
I'm long both shares and calls, but its worth noting that earnings are due out in 11 days. I'll try to post my "Oscillator" chart setup in the comment section below, as they all are signaling buy.
Happy trading!
The OBV is improving and demonstates buyers are gaining control, and technical indicators like RSI and MACD seem to validate the bullish thesis.
I'm long both shares and calls, but its worth noting that earnings are due out in 11 days. I'll try to post my "Oscillator" chart setup in the comment section below, as they all are signaling buy.
Happy trading!