This analysis and the trade ideas were given to subscribers at 11 am. Michael Kors, was a designer from at least age 5 when he designed his mother’s dress for her second wedding. His rise culminated with IPO of his brand in 2011. Tonight the company will report earnings after the market close. The crowd sourced estimate in Estimize shows an expected 78 cents per share and revenues of $952 million, above the Wall Street crowd. The price and market action have told a different story over the last 18 months though. After a rise to a top in February 2014 it went through an 18 month pullback. this was highlighted recently by a large drop on massive volume in May following their last report. It has only leaked lower from there though at the bottom of a falling channel. Into earnings it has retraced 78.6% of the move higher after the... More