PPR - KORS pocket pivot October 16, 2012

Published : October 16 2012 at 14:20 ET

KORS needs to trade 4,159,900 shares to qualify for a pocket pivot. There is a high likelihood it will qualify. KORS has managed to buck the downtrending market, always a sign of strength. Earnings are triple digit % gains over the last 2 quarters compared to the same quarter a year ago, and sales are at 58%, 71%, and 70% over the last 3 quarters. Institutional sponsorship continues to climb since the company came public. We have reported on KORS in prior reports.

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