Michael Kors Holdings is still well oriented and is going to new highs.

Regarding the fundamentals, firstly, we note the increase of sales recorded over the previous year.

Technically, the stock is moving in an upward trend for many weeks. This movement reflects a buyer enthusiasm confirmed also by the well orientation of the moving averages. The security is going toward USD 57.4 and would give a strong buying signal if the crossing is confirmed in daily closing.

Taking into account all these elements, investors could buy the stock at the current price. The target price is set above the USD 57.4 mid-term resistance. A stop loss will be fixed below the USD 52 short term support, threshold that would invalidate the strategy.