Jul. 21 at 8:56 PM
Breaking back to all-time highs certainly does not always guarantee success (See 2012 vs 2007 peaks) Still a lot of bifurcation within Retail & some very good names & some ugly ones, technically.
Tapestry (The old "Coach")
$TPR has just pushed to new highs after nearly doubling since April (and
$116 looks to be interesting ST target) Getting a bit stretched, but another 2-3 weeks look possible ahead of August consolidation @IBDinvestors @marketsurge
Great overall structure though (Note the move on mthly charts back OVER 2012 peaks) & dips into late Sept should make this more appetizing for buy and hold types #IBDPartner @InvestorsBusinessDaily