05.02.2015 - The price of Michael Kors Holdings may fall within the channel
The stock price of Michael Kors Holdings rose in the descending channel and reached its upper limit. In case of moving beyond the channel, and consolidation above 73.00, we expect continued growth with the target at 78.30. At the moment, is more likely the price drop in the descending channel with the target at 65.00. We forecast price reduction and recommend to open short positions after breaking through the level of 70.00.