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Actionable news in KORS: MICHAEL KORS HOLDINGS LIMITED,

Michael Kors Holdings (KORS) Is Water-Logged And Getting Wetter Today

Trade-Ideas LLC identified Michael Kors Holdings ( KORS) as a "water-logged and getting wetter" (weak stocks crossing below support with today's range greater than 200%) candidate. In addition to specific proprietary factors, Trade-Ideas identified Michael Kors Holdings as such a stock due to the following factors:

  • KORS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $119.2 million.
  • KORS has traded 3.0 million shares today.
  • KORS traded in a range 214.5% of the normal price range with a price range of $2.66.
  • KORS traded below its daily resistance level (quality: 51 days, meaning that the stock is crossing a resistance level set by the last 51 calendar days. The resistance price is defined by the Price - $0.01 at the time of the signal).

Stocks matching the 'Water-Logged and Getting Wetter' criteria are worthwhile stocks to watch for a variety of factors including historical back testing and volatility. Trade-Ideas targets these opportunities because the stock is exhibiting an unusual behavior while displaying negative price action. In this case, the stock crossed an important inflection point; namely, "support" while at the same time the range of the stock's movement in price is twice its normal size. This large range foreshadows a possible continuation as the stock moves lower. EXCLUSIVE...


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