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.