Kate Spade & Co : Stock running out of steam as an opportunity
Entry price | Target | Stop-loss | Potential |
---|
US$21.43 |
US$0 |
US$20.8 |
-100% |
---|
Take advantage of the bullish trend forming.
From a fundamental viewpoint, the security has great attributes.
Following a bullish wave, the stock now shows a slight decline has lead it toward its USD 21.08 midterm support. At this level, a re-boost of buyers influence would enable an upturn in the medium and long term.
The decline observed in the short term offers an interesting entry point for a mid-term trading strategy. Thus, investors could take advantage of the current prices level to buy Kate Spade & Co. The target will be set at USD 22.66 and by extension USD 23.55. The stop-loss will be triggered below the USD 21.08 support at USD 20.8.
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