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Michael Kors Hol Bullish Moving Average Crossover Alert (KORS)

By Shiri Gupta

Michael Kors Hol (NYSE:KORS) crossed over its 10-day moving average of $73.17 on a volume of 297K shares. Swing traders may find an opportunity 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 $44.29 to $75.96 and is now at $73.41, 66% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that subscribers consider buying shares of Michael Kors Hol on July 24th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.45. Since that recommendation, shares of Michael Kors Hol have risen 6.2%. We continue to monitor KORS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses michael kors hol

Ticker(s): KORS