On Cue with KORS
by Mike Paulenoff
October 24, 2014 • 12:00 AM EDT
Back on Sep 5, when Michael Kors Holdings Limited (KORS) was trading at 76.80, we warned that the technicals pointed to a down-leg into the 70.00 to 68.40 region prior to a resumption of strength.
On Wed Oct 15, KORS hit a low of 68.55, where it reversed to the upside.
We actually put out a trade set-up on KORS on Oct 17 when it was trading at 71.70, exiting on Oct 21 at 74.80.
For those who continued holding the stock, KORS closed Friday at 75.74.
Mike Paulenoff is the author of MPTrader.com, a real-time diary of his technical analysis & trade alerts on
ETFs for precious metals, energy, currencies, and an array of equity indices and sectors, including international
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