On Cue with KORS

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.

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