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TheStreet Open House

3 Retail Stocks Rising on Big Volume

Michael Kors

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Michael Kors (KORS) engages in the design, marketing, distribution, and retail of branded women's apparel and accessories, and men's apparel. This stock is trading up 1.5% at $53.11 in recent trading.

Today's Volume: 3.52 million

Average Volume: 3.54 million

Volume % Change: 70%

From a technical perspective, KORS is bouncing higher around some near-term support at $51.02 with decent volume. This move is coming after KORS sold off yesterday with massive downside volume.

Traders should now look for long-biased trades in KORS as long as it's trending above $51.02 with strong upside volume flows. I would consider any upside volume day that registers near or above 3.54 million shares. If KORS can maintain that trend, then this stock will setup to re-test or possibly take out its all-time high of $57.35 in the near future.

On the flip side, I would avoid KORS or look for short-biased trades if it mangos to take out $51.02 with high volume. Any move below $51.02 with volume could put KORS into danger of filing a gap from August that started around $41.

To see more stocks rising on unusual volume, check out the Stocks Rising on Unusual Volume portfolio on Stockpickr.

-- Written by Roberto Pedone in Winderemere, Fla.

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At the time of publication, author had no positions in stocks mentioned.

Roberto Pedone, based out of Windermere, Fla., is an independent trader who focuses on stocks, options, futures, commodities and currencies. He is also an outside contributor to Beconequity.com and maintains the website Maddmoney.net, which he sold to Blue Wave Advisors in 2008. Roberto studied International Business at The Milwaukee School of Engineering, and he spent a year overseas studying business in Lubeck, Germany.

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