Burberry (BRBY – LSE) Eyeing Lower Levels

After announcing earnings yesterday, Burberry tumbled lower and today is regaining some footing.  The theme among clothing retailers has been the same, be it Aeropostale (ARO), Ralph Lauren (RL)  or Gap (GPS)…higher input costs are weighing on profit margins. The charts are broken for the medium term and there are various strategies to apply here. […]