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Bullish Moving Average Cross by Michael Kors Hol (KORS)

By Nick Russo

Today, shares of Michael Kors Hol (NYSE:KORS) have crossed bullishly above their 10-day moving average of $61.99 on a volume of 249K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Michael Kors Hol has traded in a range of $32.38 to $69.95 and is now at $62.71, 94% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has risen 0.5%.

SmarTrend is tracking the current trend status for Michael Kors Hol and will alert subscribers who have KORS in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses michael kors hol

Ticker(s): KORS