KORS Cup and Handle

In this instance, a picture really is worth 1,000 words as I show you what a cup and handle looks like.

   

Video Transcript

To me, it looks like a cup and handle on Michael Kors Holdings (NASDAQ:KORS). On the chart in the video, you can see what would be the cup and what would be the handle. We have lighter volume on the handle, except for the past couple of days where it’s tried to rally up. We have some pretty good high volume.

The cup portion has been going on since October and into November, December, January and February.

The target for KORS would be a move to the $65 level.

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