Follow Up to last week’s 3 Charts – KORS, LL, and OCN:
- KORS: Failed breakout attempt last week but still could put in a handle here. See if it can then hold $60.
- LL: Struggling to hold the $60 level but still holding handle. Looks fine for now. If you like wood and housing related plays, then also take a look at AMWD which showed relative strength on Friday.
- OCN: Cleared handle in volume Thursday but struggled to emerge from cup on Friday. Homebuilders (ITB) have started to struggle a bit. See if this translates to problems for the Mortgage group: OCN, NSM, WAC, and CLGX.
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