|Day Low/High||26.64 / 27.88|
|52 Wk Low/High||26.61 / 75.40|
The charts of Capri have been bearish for a while now.
The retail and apparel sectors just got a bit rougher thanks to PVH's dim outlook.
When traders are flailing and investors are drowning, examples work best to illustrate what happens before a bottom is reached.
The significant upside potential comes courtesy of Capri's battered stock price.
The consumer is alive, well, and might benefit from a thaw with China and easy to get jobs. So would Boeing and Caterpillar.
We have to own that it was a bad day for the bulls and that it's perfectly realistic to expect a few more until the facts get more positive.
Let's see what the charts of CPRI are telling us today.
When you have a bunch of these in one day, you can move whole sectors and, to some degree, the market itself.
This quarter will be known as the quarter where you had to pay the piper to get sales and the piper happens most often to be Alphabet's Google.