Michael Kors (KORS) Moves Higher on Increased Volatility; Crosses 100-Day SMA
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Michael Kors Holdings (NYSE: KORS) volatility is higher as the fashion-forward stock leads retailers higher Thursday.
Market data as implied volatility up 14.4 percent from yesterday's close and at 76 percent of its historical average.
Shares are up 2.8 percent in early trade, but still 15 percent below its post-IPO high of $50.69 hit in early March.
The stock is just crossing its 100-day SMA at $42.19, while its 50-day SMA is at $41.37.
Market data as implied volatility up 14.4 percent from yesterday's close and at 76 percent of its historical average.
Shares are up 2.8 percent in early trade, but still 15 percent below its post-IPO high of $50.69 hit in early March.
The stock is just crossing its 100-day SMA at $42.19, while its 50-day SMA is at $41.37.
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