Tapestry is up 10.21% at 143, can it break above 145?

$Tapestry Inc.(TPR)$

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

Strong momentum likely fueled by robust luxury consumer spending and positive sector sentiment.
Recent capital flow data shows significant net inflow of $694.2 million on 02-04, indicating strong institutional buying interest.

Technical Analysis

Volume surged to 6.51M shares (VR 2.56), confirming breakout strength.
MACD (DIF: 1.69, DEA: 1.32) has turned positive with a bullish crossover, signaling accelerating upward momentum.
RSI(6) at 80.8 indicates overbought conditions in the short term, suggesting potential for a brief consolidation.

Key Price Levels

Primary Support: $134.11 (Today's low)
Strong Resistance: $145.42 (52-Week & Today's High)
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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