$TPR posted a weekly gain of +6.79% to close at it’s 52-weeks high at $42.14. The price acceleration was induced by a technical breakout of a Bullish Wedge chart pattern along with its 4 months trend channel, that was broken out with an 28.6% increment in its daily average volume.
At the current junction, $TPR immediate classical resistance level is at $45 which was last traded in October 2018. Any upcoming correction for $TPR not exceeding below $38.40 will ensue its technical strength for a further mid-term rally.
$TPR provides luxury accessories and branded lifestyle products through three major brands (Coach, Kate Spade, and Stuart Weitzman.) in the United States, Japan, Greater China, Other Asia, and internationally.
At the current junction, $TPR immediate classical resistance level is at $45 which was last traded in October 2018. Any upcoming correction for $TPR not exceeding below $38.40 will ensue its technical strength for a further mid-term rally.
$TPR provides luxury accessories and branded lifestyle products through three major brands (Coach, Kate Spade, and Stuart Weitzman.) in the United States, Japan, Greater China, Other Asia, and internationally.