Michael Kors shares should spook you out

Coach (COH) , Michael Kors (KORS) , Movado (MOV - Get Report) , Ralph Lauren (RL - Get Report) and Tiffany (TIF - Get Report) have mixed technical profiles when comparing their weekly charts. Coach has a positive weekly chart. Michael Kors and Ralph Lauren have negative but oversold weekly charts. Movado ended last week with a negative weekly chart. Tiffany ended last week with a positive weekly chart. Their earnings results could change this technical landscape.

Coach reported quarterly earnings before the opening bell on Tuesday and beat analysts' earnings-per-share estimates, helped by the sale of premium handbags. The stock rebounded and is trading between its 50-day simple moving average of $36.36 and its 200-day simple moving average of $38.17. The stock is in correction territory 15.4% below its July 27 high of $43.71.

Michael Kors is scheduled to report earnings before the opening bell next Tuesday. Analysts expect the retailer to earn $1.63 a share. The company has beaten earnings-per-share estimates six quarters in a row. The stock has been below a "death cross" on its daily chart since Oct. 7 and last tested its 200-day simple moving average on Dec. 9 when the average was $50.05. A "death cross" occurs when the 50-day simple moving average crosses below the 200-day simple moving average and indicates that lower prices lie ahead. The stock traded as low as $40.81 on Jan. 5, and is in bear market territory 29.5% below its March 14, 2016 high.

Movado reported earnings back on Nov. 22 and beat analysts' earnings-per-share estimates. The stock gapped higher on this report and set its 52-week high of $31.95 on Dec. 9. The high on Nov. 21 was $26.50 and the price gap was to $27.50 to the Nov. 22 was more than filled with a low of $25.80 set on Jan. 18. The stock is in correction territory 15.8% below its Dec. 9 high and is in bull market territory up 20.6% from its Nov. 8 low of $22.30.

Polo Ralph Lauren reports earnings before the opening bell Thursday. Analysts expect the company to earn $1.65 a share. The company has a seven-consecutive winning streak on the line in terms of beating earnings-per-share estimates. Even so, the stock has declined from its Nov. 23 high of $114.00 to as low as $85.79 on Jan. 13, a bear market decline of 23.8%.

Tiffany & Co. does not report earnings until March 17. Analysts expect the company to earn $1.39 a share. The little blue box retailer beat estimates in each of its last two earnings reports. The stock has been above a "golden cross" since Sept. 26 when the stock closed at $71.35. A "golden cross" occurs when the 50-day simple moving average crosses above its 200-day simple moving average and indicates that higher prices lie ahead. The stock set its 52-week high of $85.44 on Dec. 8.

Here's a scorecard for the five luxury retailers.

 

Here's the weekly chart for Coach.

Courtesy of MetaStock Xenith

The weekly chart for Coach is positive, with the stock above its key weekly moving average of $36.05. The upside is to its 200-week simple moving average of $41.20, last tested during the week of Aug. 5 when the average was $43.42. The weekly momentum reading is projected to rise to 32.26 this week up from 27.26 on Jan. 27.

Investors looking to buy the stock should do so on weakness to $34.69, which is a key level on technical charts until the end of March. Investors looking to reduce holdings should consider selling strength to $56.22, which is a key level on technical charts until the end of 2017.

Here's the weekly chart for Michael Kors.

Courtesy of MetaStock Xenith

The weekly chart for Michael Kors is negative, with the stock just below its key weekly moving average of $43.55. The upside is to its 200-week simple moving average of $62.70. The weekly momentum reading is projected to decline to 13.54 this week down from 13.80 on Jan. 27, moving further below the oversold threshold of 20.00.

Investors looking to buy the stock should do so on weakness to $40.64, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should consider selling strength to $65.54, which is a key level on technical charts until the end of June.

Here's the weekly chart for Movado.

Courtesy of MetaStock Xenith

The weekly chart for Movado is negative, with the stock just below its key weekly moving average of $27.16. The upside is to its 200-week simple moving average of $31.44, last tested during the week of Dec. 16 when the average was $31.70. The weekly momentum reading is projected to decline to 54.54 this week down from 61.30 on Jan. 27.

Investors looking to buy the stock should do so on weakness to $23.94, which is a key level on technical charts until the end of March. Investors looking to reduce holdings should consider selling strength to $31.53, which is a key level on technical charts until the end of June.

Here's the weekly chart for Ralph Lauren.

Courtesy of MetaStock Xenith

The weekly chart for Ralph Lauren is negative but oversold with the stock below its key weekly moving average of $91.49. The upside is to its 200-week simple moving average of $137.65, last crossed during the week of Feb. 6, 2015 when the average was $159.24. The weekly momentum reading is projected to decline to 10.58 this week down from 11.37 on Jan. 27, moving further below the oversold threshold of 20.00.

Investors looking to buy the stock should do so on weakness to $77.23, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should consider selling strength to $119.03, which is a key level on technical charts until the end of June.

Here's the weekly chart for Tiffany.

Courtesy of MetaStock Xenith

The weekly chart for Tiffany is negative, with the stock just below its key weekly moving average of $78.84. The upside is to its 200-week simple moving average of $82.68, last tested during the week of Jan. 13 when the average was $82.54. The weekly momentum reading is projected to decline to 53.14 this week down from 57.28 on Jan. 27.

Investors looking to buy the stock should do so on weakness to $77.86, which is a key level on technical charts until the end of this week. Investors looking to reduce holdings should consider selling strength to $110.74, which is a key level on technical charts until the end of June.

This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.