Monday, October 16, 2006

Chart from My Watchlist: KCP

KCP (Kenneth Cole Productions) is at the top of my "longs watchlist". I'm waiting to see how it handles a pullback to $25.50, after an impressive breakout over resistance on heavy volume. RSI is in a nice uptrend with higher lows, and MACD has turned positive. There's also a chance that the 50 day MA might cross the 200 day MA in the near future.

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