Pre-Market Technical Recap on Textile Stocks -- Lululemon Athletica, Michael Kors, Ralph Lauren, and Under Armour
NEW YORK, October 17, 2017 /PRNewswire/ --
If you want a Stock Review on LULU, KORS, RL, or UA then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. DailyStockTracker.com has initiated research coverage on four Textile Apparel Clothing equities, particularly, Lululemon Athletica Inc. (NASDAQ: LULU), Michael Kors Holdings Ltd (NYSE: KORS), Ralph Lauren Corp. (NYSE: RL), and Under Armour Inc. (NYSE: UA). The Apparel and Textiles industry is fragmented. The production in this space is divided among a few different companies, however, no single firm has large enough share of the market to be able to influence the industry's direction or price levels. Daily Stock Tracker provides great insights on these stocks in its free research reports at:
Vancouver, Canada-based Lululemon Athletica Inc.'s shares saw a decline of 1.64%, finishing Monday's trading session at $58.20. A total volume of 2.17 million shares was traded, which was higher than their three months average volume of 2.14 million shares. The stock is trading below its 200-day moving average by 2.21%. Moreover, shares of Lululemon Athletica, which together with its subsidiaries, designs, distributes, and retails athletic apparel and accessories for women, men, and female youth, have a Relative Strength Index (RSI) of 39.95. Free research report on LULU is available at:
Michael Kors Holdings
On Monday, shares in London, the UK-based Michael Kors Holdings Ltd recorded a trading volume of 2.79 million shares, which was above their three months average volume of 2.22 million shares. The stock ended the session 1.78% higher at $48.62. The Company's shares have gained 8.24% in the last one month, 42.16% over the previous three months, and 13.12% on an YTD basis. The stock is trading 9.33% above its 50-day moving average and 23.90% above its 200-day moving average. Furthermore, shares of Michael Kors, which design, markets, distributes, and retails branded women's apparel and accessories, and men's apparel, have an RSI of 67.94.
On September 27th, 2017, research firm Canaccord Genuity upgraded the Company's stock rating from 'Hold' to 'Buy' while revising its previous target price from $43 a share to $58 a share.
On September 28th, 2017, Michael Kors announced that it plans to report its Q2 FY18 financial results on November 06th, 2017, before the market opens. The Company also plans to hold a conference call at 8:30 a.m. ET the same day to discuss its financial results. A live webcast of the conference call will be available under the investor relations section of the Company's website. The complimentary research report on KORS can be downloaded at:
Shares in New York-based Ralph Lauren Corp. closed at $86.05, climbing 1.19% from the last trading session. The stock recorded a trading volume of 1.32 million shares, which was above its three months average volume of 1.23 million shares. The Company's shares have gained 19.28% over the previous three months. The stock is trading 6.98% above its 200-day moving average. Additionally, shares of Ralph Lauren, which designs, markets, and distributes lifestyle products worldwide, have an RSI of 41.75.
On October 10th, 2017, research firm Miller Tabak downgraded the Company's stock rating from 'Hold' to 'Sell'. Visit DailyStockTracker.com today and access our complete research report on RL at:
Baltimore, Maryland headquartered Under Armour Inc.'s stock ended 0.20% higher at $14.98 with a total trading volume of 2.42 million shares. Shares of the Company, which together with its subsidiaries, develops, markets, and distributes branded performance apparel, footwear, and accessories for men, women, and youth primarily in North America, Europe, Middle-East, Africa, Asia/Pacific, and Latin America, are trading below their 50-day moving average by 5.08%. The stock has an RSI of 41.33.
On October 10th, 2017, Under Armour announced plans to release the results of its Q3 ended September 30th, 2017 on October 31st, 2017, at 6:55 a.m. ET. Following the news release, management will host a conference call at approximately 8:30 a.m. ET to review the results. This call will be webcast live on the Company's investor website. Get free access to your research report on UA at:
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