Michael Kors (KORS) – Bullish DailyPlay for Tues Sept 11th, 2018
The bullish DailyPlay we chose for Tuesday Sept 11thÂ is Michael Kors (KORS). KORS is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 2.06% move higher and its 1m and 6m trend has turned bullish on 8/16 and recently bounced higher off its $115 support level.
Michael Kors’ 1m and 6m trends turned bullish on 8/8 and recently bounce higher off its $82 support level. With a technical score of 8 (out of 10), KORS is a strong bullish stock that will likely continue higher.
As a stop loss, if KORS was to trade below $72 for multiple days, this would invalidate our analysis and suggest getting out of the trade.
Upcoming Event:Â Credit Spread Strategy using Weekly Index OptionsÂ – Thurs 9/13 @ 4:15PM EST
DailyPlay Performance: 67% Winners & Average Winning Trade of 82.32%
Historical DailyPlay Trades: All open and closed trades