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