Valued at $28 billion, Tapestry Inc. (TPR) is a leading New York-based modern luxury house overseeing an iconic portfolio that includes Coach, Kate Spade, and Stuart Weitzman. TPR shares have exhibited a highly constructive technical breakout, charging forward to clear heavy resistance at the $145 mark, notes Jim Van Meerten, analyst at Barchart.
The company leverages a high-margin premium leather goods pipeline, an accelerating Gen Z digital loyalty app ecosystem, and an innovative AI platform, Mira, to scale global operations and sustain highly reliable cash flows.
I found TPR’s chart by using Barchart’s powerful screening functions to sort for stocks with notably improving technicals, plus a combination of momentum, strength, and direction. TPR checks those boxes.
The stock currently carries a 48% “Buy” overall technical opinion from Barchart, confirming that intermediate-term 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.
