Page 785 - How to Make Money in Stocks Trilogy
P. 785

© 2012 Investor’s Business Daily, Inc.
                                                    25
                                             30
                                      35
                                                             4,800,000
                                                                   1,200,000
                                                                 2,400,000
                                                               3,600,000
                        45
                  50
            Scale
           Price
                                               RS Line
                                                            Volume
                                                                      10
                                                                      27 August
                                                                      13
                                                                       July
                                                                      29
                                                                      15
                                                                       June
                                                                      1
                                                                      18
                                      50-day moving average
                                                                       May
                                                                      4
             Sold on second day the stock breaks
                                                                      20
                                                      10-day moving average
                                                                       April
                                                                      6
              the 10-day moving average
                                                                      23
                                                                      24 March
                                                                      9
                                                         IPO Base
                                                                      27 February
                                                                      10
                          75% gain  40  Breaking Boards: Successful Trades and Lessons Learned  71
                                    Added 3 times                     30  January
                                                                      13
            Michael Kors Hldgs Ltd (KORS)—Daily Chart 2011–2012
              Markets luxury apparel, accessories, and footwear under the Michael
                                                                      16  2  December
                                        Bought on breakout   from IPO base  18  4  21  November
               Kors and Michael Michael Kors names  Mike Scott        7  23 26 September 9  12  October
   780   781   782   783   784   785   786   787   788   789   790