Monday, October 15, 2012

Retail/Textile Sector


With the market correcting I've been pruning off the stocks that have broken down and replacing my watch list with new set-ups. One theme that has begun to emerge from some of my scans has been in retail/textiles.

VFC is approaching new highs and GIII hit a new 52-Week high today.

VFC
GIII
GPS, KORS and CHS continue to base just under their highs.

GPS
KORS
CHS

MW has retraced its earnings break out and is hovering above a well watched 50MA. URBN and ANN have held their earnings break and are also hovering above their 50MA.

MW
URBN
ANN

JOSB and LULU have also held their earnings break out and continue to base.

JOSB
LULU




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