Fossil make a great breakout

On Thursday ended its worst week on Wall Street in 2012. The DJ-30 and SP-500 fell for three consecutive days. Doubts about Europe replanted black clouds on the sky of the stock market. Many investors and traders decided to liquidate their profits. This pushed the market down.

But amid this situation, some stocks stood out very clearly. One was Fossil Inc. (FOSL). This company designs, develops, markets and distributes consumer fashion accessories worldwide. For those using brands like Fossil, Zodiac, Relic and Michele. Also distributes top brands such Michael Kors, Armani, Adidas, Burberry and others.

This company operates 123 retail stores and 74 outlet stores in the United States and more than 45 stores internationally. Founded in Texas in 1984, Fossil has an annual revenue of US$ 2.56 Billions. an EBITDA of US$ 525 Millions and an Operating Margin of 18.42%.

This week, FOSL made a major breakout, surpassing a base of prices built since August last year. On Thursday, this stock closed at US$ 138.07 (+3.25%). Its volume was 1.16 Millions of shares, much like its daily average. However, in the following chart, you will notice that the weekly volume was very high.

If the market does not fall significantly, we will see this stock starting an important way up.