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Actionable news in KORS: MICHAEL KORS HOLDINGS LIMITED,

Here's Your Trading Strategy for Michael Kors, Ralph Lauren

Luxury retailers Michael Kors (KORS) and Ralph Lauren (RL) bottomed in January and February, respectively, but can year-to-date gains be sustained when they report earnings before the opening bell on Wednesday?

Even with off-the-low gains of 44.3% and 16.8%, respectively, Michael Kors is in correction mode and Ralph Lauren is in bear market territory. Given this volatility, analyzing technical charts and knowing key technical levels is a must when investing or trading these struggling luxury retailers.

Michael Kors is scheduled to report earnings before the opening bell on Wednesday and is expected to earn 74 cents a share. Ralph Lauren is also scheduled to report earnings before the opening bell on Wednesday and is expected to earn 89 cents a share.

Here's the daily chart for Michael Kors.

Courtesy of MetaStock Xenith

Michael Kors trades around $49, up 25.5% year to date but in...


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