$Tapestry Inc.(TPR)$
Tapestry Inc.(TPR) Surged +10.21%: Luxury Retailer Hits New 52-Week High, Testing $145 Resistance
Latest Close Data
Closed at $143.19 (ET 2026-02-05), up +10.21% (+$13.27). The stock touched a new 52-week high of $145.42 intraday.
Core Market Drivers
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Strong momentum likely fueled by robust luxury consumer spending and positive sector sentiment.
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Recent capital flow data shows significant net inflow of $694.2 million on 02-04, indicating strong institutional buying interest.
Technical Analysis
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Volume surged to 6.51M shares (VR 2.56), confirming breakout strength.
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MACD (DIF: 1.69, DEA: 1.32) has turned positive with a bullish crossover, signaling accelerating upward momentum.
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RSI(6) at 80.8 indicates overbought conditions in the short term, suggesting potential for a brief consolidation.
Key Price Levels
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Primary Support: $134.11 (Today's low)
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Strong Resistance: $145.42 (52-Week & Today's High)
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Immediate Pivot: $143.19 (Today's close). A sustained break above $145 opens the path to $155.
Valuation Perspective
Forward P/E of 22.88 is significantly above its historical average of 13.39 and +1 Std. Dev of 18.05, indicating the market is pricing in high growth expectations. P/S of 4.07.
Analyst Targets
20 analysts have an average price target of $133.67 (below current price). Sentiment is bullish with 5 Strong Buy, 10 Buy, 6 Hold, and 1 Underperform ratings.
Weekly Outlook
Expect consolidation near the $145 resistance after the strong rally. Key watch: ability to hold above $140.
A successful breakout above $145 could target the $150-$155 range. A failure may lead to a pullback towards $135-$138 support.
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