Long Position on KORS @ $51.00 on 2/8/2016 (Momentum)

Michael Kors Holdings Limited (KORS) engages in the design, marketing, distribution, and retailing of branded women’s apparel and accessories, and men’s apparel.

The company operates in three segments: Retail, Wholesale, and Licensing.

The Retail segment is involved in the sale of women’s apparel; accessories, which include handbags and small leather goods, such as wallets; footwear; and licensed products comprising watches, jewelry, fragrances and beauty, and eyewear. As of March 28, 2015, this segment operated 343 North American retail stores, including concessions and its U.S. e-commerce site; and 183 international retail stores, including concessions in Europe and Japan.

The Wholesale segment sells accessories, such as handbags and small leather goods, footwear, and women’s and men’s apparel to department stores and specialty shops in North America, Europe, and Asia.

The Licensing segment licenses its trademarks on products, such as fragrances, beauty, eyewear, leather goods, jewelry, watches, coats, men’s suits, swimwear, furs, and ties, as well as licenses rights to third parties to sell the company’s products in geographical regions, such as the Middle East, Eastern Europe, Latin America, the Caribbean, Asia (excluding Japan), and Australia.

The company sells its products under the names of MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. 

Shares have formed a bullish "flag" following the company's latest quarterly report.  Higher share pirces are expected for this stock.

52-Weeks Trading Range: $34.83 - $73.47

Entry Point: $51.00

Stop Loss: $48.20

Target Price: $56.10

Updates

2/25/2016 12:13:01 PM

KORS closed at $56.30.

Position closed on 2/25/2016 at price of $56.30 with a 10.39% gain in 17 days.

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