Michael Kors

Content on this page requires a newer version of Adobe Flash Player.

Get Adobe Flash player

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.


Follow Stockpickr on Twitter and become a fan on Facebook.
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.

If you liked this article you might like

Trump's Huge Tax Cut Could Lead to a Major Profit Windfall for Retailers Like Macy's

Market Recon: Watch the Euro and Big Banks Like Deutsche and Credit Suisse

Jim Cramer's 'Mad Money' Recap: Don't Miss This Rotation Back Into the Nasdaq

Jim Cramer's 'Off the Charts': 4 Teen Apparel Retailers Whose Stocks Look Promising

5 Earnings Short-Squeeze Trade Ideas -- Box, Tiffany, More