Michael Kors is set to release earnings before the bell on Tuesday. Analysts surveyed by Thomson Reuters foresee earnings rising 44% to 49 cents a share with sales climbing 37.5% to $570.52 million. Both figures would be the slowest pace for both sales and profits the company has seen since its December 2011 IPO.
Looking at the KORS daily chart, the cloud structure signals are positive before earnings:
Above the cloud (bullish): price, tenkan sen (blue line), kijun (light purple line), chikou (red line)
+ Bullish kumo future
Key swing pivot support levels @ $66.25 & $65
Here is all you need to know about Kors as a company..
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