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Luxury Investing? $COH, $KORS, $MOV, $TIF

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Courtesy of Declan Fallon

Movado ($MOV) sits on the verge of a breakout and is showing good form.  You can read my 2 cents on the fundamentals.

Michael Kors is a lead contributor to Coach’s woes.  The stock is shaping a nice base with the August breakout gap confirmed.  The next move up could be substantial given the five month base (from the breakout).

Honorable mention to Tiffany’s.  It hasn’t the same appeal as the aforementioned stocks, but a push above $66.18 will have to be respected.

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Dr. Declan Fallon is the Senior Market Technician and Community Director for Zignals.com. You can read what others are saying about Zignals on Investimonials.com.

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