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Fly News Breaks for May 26, 2015
KORS
May 26, 2015 | 13:46 EDT
The shares have been in a stable downtrend since June of last year, with only a few tests above downtrend resistance. If the news is a positive surprise, the first important test of resistance would be the 50-day moving average at $63.57. If there is a breakout above that level, next resistance would be at $66.35 and $68.82. If the news is as bearish or more bearish than current expectations, the first important support is at $56.15, the 2-year low. Additional support below would be at $54.98 and $53.08.
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