BGU - KORS commentary
KORS gapped up on strong earnings then filled its gap so is technically no longer a BGU. That said, if it closes in the top half of range on this huge volume, it could be considered actionable given its fundamentals - earnings and sales remain powerful, institutional sponsorship continues to grow in every quarter since the company went public, and return on equity is a towering 52.9% and pretax margin is a strong 28.7%. Note, KORS filled its gap due to market weakness earlier. This is another illustration where market context is important.
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