Shares have become technically unattractive for this apparel maker, and it’s time to sell.
Sell: Michael Kors (KORS)
from Cabot Market Letter
Updated from Investment Digest 752, December 18, 2013
Tonight’s special hotline is in regards to Michael Kors, which we’ve owned for a couple of years but broke long-term support today in the upper 80s. We’ve given the stock enough rope, so we now advise selling your shares.
Michael Cintolo, Cabot Market Letter, www.cabot.net, 978-745-5532, July 14, 2014