if people trade based on what one analyst says with 'appears' in its sentence instead of concrete statement, its a shame. kors is growing in europe, japan, and the u.s...china is a small potatoe for kors. with u.s. consumer data and jobs reports moving in the right direction, i'm favoring the upside, not the downside.
remember how coach was strong in china, then sales slumped, mainly outside of china. so china may continue to support coach. but its only a matter of time that china sales slows, to follow the rest of its markets. the trends are set from outside instead of inside china.
KORS pierced its 50DMA in heavy volume. It did this last November and traded down to $46 on to recover and trade up to $65 last month. I suspect KORS will trade below its 50DMA for some time.
Shorts are attacking KORS, and the decelerating KORS sales story is BS!