Kate Spade & Co : Stock running out of steam as an opportunity
By Etienne Veber
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$21.43 | $0 | $20.8 | -100% |
From a fundamental viewpoint, the security has great attributes.
Following a bullish wave, the stock now shows a slight decline has lead it toward its USD 21.08 midterm support. At this level, a re-boost of buyers influence would enable an upturn in the medium and long term.
The decline observed in the short term offers an interesting entry point for a mid-term trading strategy. Thus, investors could take advantage of the current prices level to buy Kate Spade & Co. The target will be set at USD 22.66 and by extension USD 23.55. The stop-loss will be triggered below the USD 21.08 support at USD 20.8.