Capri Holdings Ltd. stock experienced a 12.5%+ gap up on Friday 7/30/2021, closing the session at $56.31/share.
CPRI stock enjoyed the highest level of volume it has had in over a year as it completed a bullish MACD crossover.
Capri Holdings Ltd. is a luxury fashion company based out of London.
CPRI Stock Price: $56.31
10 Day Moving-Average: $50.45
50 Day Moving-Average: $53.45
200 Day Moving-Average: $45.48
RSI: 60
With an RSI of 60, CPRI stock does not show signs of being terribly overbought, giving it room to continue climbing in the near-term.
With CPRI’s 10 Day Moving-Average ~6% below the 50 Day MA, the momentum looks poised to continue pushing CPRI’s stock price higher in the short-to-mid term.
The $58 price level should be interesting from a resistance perspective, as the price has flirted with this level now a few times in the last 2 months.
From an options perspective, Capri Holdings Ltd. the $57 strike price is currently at-the-money as I type this, making it the best level to target (unless looking at the $56 & lower calls).
One thing of note is that CPRI has low open interest in its options, so traders will want to be sure they understand the risks associated with trading options in an illiquid market.
Longer-term focused investors may find CPRI’s P/E (ttm) of 5 & their P/B of 3 may be of interest, especially when combined with their almost 92% % Institutional Ownership.
Overall CPRI stock & options look to have appealing characteristics for both short & long term traders & investors & are worth taking a closer look at.
*** I DO NOT OWN SHARES OF CPRI STOCK ***