Michael Kors : Trading opportunity
December 28, 2012 at 10:03 am EST
By
Entry price | Target | Stop-loss | Potential |
---|
$49.41 |
$0 |
$45.8 |
-100% |
---|
From a fundamental viewpoint, the security has many qualities. According to Thomson Reuters, the net margin is expected to rise by 50% by 2015.
Michael Kors Holdings is in bullish trend in the medium and long term. In weekly data, weekly moving averages are well-oriented. In the present configuration, the process is very gradual; however, prices have just begun a consolidation phase. It could be interesting in the coming sessions.
The decline observed in the short term offers an interesting entry point for a mid-term investment. Investors will take advantage of the current area to buy Michael Kors. The objectives will be set at USD 55.1 and by extension USD 57.35. The stop loss will be triggered below the USD 47.5 support.
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