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Capri (CPRI) Bullish Hammer at Value-Area Low

Capri (CPRI) Bullish Hammer at Value-Area Low

by | Dec 15, 2021 | Chart SetUps

Capri (CPRI) putting in a bullish reversal day on Wednesday after pulling back to the bottom of monthly value and the 55-EMA. Shares are consolidating the broader range since earnings in November and under $65. A breakout move has room to $75+. Both MACD and RSI have reset since the recent gap higher and ready to run. CPRI is above a big weekly/monthly range at $59.50 as well which is supportive of a run to $75-$80.