jaredfruchtman
Long

KORS Shows Strength

BATS:KORS   MICHAEL KORS HLDGS LTD
116 0 0
KORS has held up extremely well during the correction of the last, lets say 6ish weeks. Bouncing around between 52/54, creating a nice solid base.

None of the previous breakouts over 54 in September held, but the one that occurred on 10/16 did. KORS pulled back in a bull flag on decreasing volume to retest the breakout level on 10/26. Acting strong, set up to lead.
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