Lucy Nieves
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Lucy Nieves in Barbie Stocks,

2 Things We Learned About Michael Kors

Michael Kors Holdings Ltd KORS was up nearly 20 percent on Tuesday after the fashion accessories maker beat quarterly earnings.

Buckingham Research Group analyst Scott Krasik had two takeaways from the 2018 first-quarter earnings report:

"The Michael Kors brand still has a loyal consumer base though smaller will pay full price for the brand evidenced by KORS' less negative same store sales higher retail operating margin YOY."

“Demand for the brand overall continues to shrink as wholesale sales declined 23% (significantly worse than expected) and saw major margin compression.” (Kors has been hurt by online competition). via

Shares reached the upper edge of the channel. Guess there will be no breakout soon cause stochastic are getting into the oversold territory.