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Capri Holdings Has Designs on a Reversal Pattern

Guy Ortmann

Michael Kors Holdings became Capri Holdings Ltd. After the break of support, the stock went into a three-month-long downtrend composed of a series of lower highs and lower lows, as noted by the downtrend line on the chart. Within that downtrend, there was a notable gap down of price in early November, gapping below the prior close of $57.44.