Seeking Alpha

InTheMoneyStock...'s  Instablog
Send Message
InTheMoneyStocks.Com is a research and consulting company focused on mathematical proprietary techniques along with a key understanding of price, pattern and time. Through understanding geometry and other technical analysis methods, InTheMoneyStocks.Com prides itself on avoiding Wall Street hype... More
My company:
My blog:
Pro Traders Rant and Rave Blog
  • Michael Kors Holdings LTD Breaks 50-Day Moving Average 0 comments
    Jun 16, 2014 12:06 PM | about stocks: KORS

    This morning, leading apparel retailer Michael Kors Holdings LTD (NYSE:KORS) is trading lower by $2.64 to $91.23 a share. It should be noted that Michael Kors Holdings stock is now trading below the important 50-day moving average. This is an important level for technical traders. Often, when stocks trade below their 50-day moving average it is a sign of weakness in the near term. Many money managers will not buy stocks that are trading below this key moving average. Day traders can now watch for intra-day chart support around the $90.00 level. This is an area on the chart where day traders should expect an intra-day bounce.

    Nick Santiago

    Stocks: KORS
Back To's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


  • Utility #stocks leading markets higher despite slightly higher yields in the 10-year U.S. #Treasury. $SO, $ED, $XLU all higher today.
    Apr 20, 2015
  • $YELP Forming Bearish Chart....
    Apr 13, 2015
  • $WMT bearish base, daily 200-day ma. Should drop to the $78.00 level & present a good entry level to buy the stock.
    Apr 10, 2015
More »

Latest Comments

Posts by Themes
Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.