We can make the case that this has a longer term upside move to the $47 area on a breakout, but for now the stock needs to push and hold above $35 to confirm the breakout of consolidation. There is resistance around $36, but the fundamental trend suggests a move at least back to the $37.50 area and probably to new highs on longchamp soldes an earnings beat as it is our basic trading view that stocks of companies with estimates going to new highs also see their price go to new highs. Trend line support is around $32..
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