PPR - KORS pkt pvt
KORS came out with its earnings report today. It gapped up since it revised future earnings higher, then sold off because it warned that 4Q revenue could come in light due to potential shipping delays as it transitions to a new distribution facility. Since the price of KORS is arguing that this is a one time issue, KORS is now looking as if it will have a pocket pivot in today's trade, assuming it can close at least in the top 1/2, though preferably top 1/3 of its trading range.
If you buy now, and it closes in the bottom half of its trading range, you might consider selling just before today's close. More aggressive investors may put decide to put in a stop below today's low.
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