akillam1
Long

KORS - Watching for calls (potential put at 72 crack)

NYSE:KORS   None
KORS has been on an uptrend since June. It is following a pattern of a break out then consolidation side ways, dip down then spiking back up from June to August. This is currently in a bull flag pattern with a breakout after breaking 74. If 72 cracks this will potentially get bearish fast. I would look for an entry on calls between 72.50 and 73.00 to test the bull flag breakout. If 72 cracks, I'll look at puts for the run down to 68-70.
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