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Barchart
Barchart
Jim Van Meerten

Tapestry Stock Is Breaking Out: Why Shares Have at Least 10% More Upside Potential

Tapestry Barchart TPR
  • Tapestry (TPR) shares have exhibited a highly constructive technical breakout, charging forward to clear heavy resistance at the $145 mark.
  • The stock currently carries a 48% “Buy” overall technical opinion from Barchart, confirming that intermediate and long-term indicators fully support a continuation of the upward trajectory. This is toward the upper end, but still well within, my typical sweet spot for this indicator.
  • Momentum has flipped aggressively positive, with the luxury retailer posting a strong recent gain as buyer accumulation accelerates.
  • Following its robust quarterly earnings beat and raised guidance, TPR is forming a bullish technical “staircase” pattern. In a market looking beyond AI stocks, this one has a solid opportunity to move at least 10% higher in the intermediate term.

Today’s Featured Stock

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