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Michael Kors Gets Frothy as Brown Shoe Poised for Higher Levels

Stocks in this article: BWS CBRL CHS KORS TOL

Chico's FAS (CHS) ($15.46), down 18% year to date. Analysts expect the retailer of specialty private-label casual clothing to report EPS of 29 cents. The stock traded as high as $19.84 on Jan. 2, and went as low as $15.16 on May 21. It has been below its 200-day SMA at $16.86 since Feb. 27.

The weekly chart shifts to positive given a close this week above its five-week MMA at $15.98, as last week's low stayed above its 200-week SMA at $15.01. An annual value level is $11.10 with a weekly pivot at $15.52 and semiannual and monthly risky levels at $16.24 and $18.24, respectively.

Michael Kors (KORS) ($96.40), up 19% year to date. Analysts expect the retailer of luxury footwear and apparel to report EPS of 68 cents. The stock set an all-time intraday high at $101.04 on Feb. 25, and traded as low as $85.71 on April 7. The stock is above all moving averages in the first table. The company has not been publicly traded long enough to have a 200-week SMA.

The weekly chart is positive with its five-week MMA at $92.72. Weekly and quarterly value levels are $91.02 and $88.32, respectively, with a monthly pivot at $96.54. The stock has not been publicly traded long enough to have semiannual and annual levels.

Toll Brothers (TOL) ($35.50), down 4.1% year to date. Analysts expect the luxury homebuilder to report EPS of 25 cents. The stock set a multiyear intraday high at $39.65 on March 4, and traded as low as $33.26 on May 15. It's above all five key moving averages shown in the first table.

The weekly chart shifts to positive, given a close this week above its five-week MMA at $35.16, as such would likely pull the 12x3x3 weekly slow stochastic above the oversold reading of 20.00. Weekly and semiannual value levels are $34.25 and $33.48, respectively, with a semiannual pivot at $35.68 and monthly and quarterly risky levels at $39.73 and $43.43, respectively.

Your investment policy among these stocks depends on whether you are a buyer on weakness or a seller of strength. We advocate using a good-'til-canceled limit order to buy weakness to a value level or to sell strength to a risky level.

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