Like I mentioned in the title, KORS seems to be forming a pattern, with the potential to go if things line up. KORS is closing in on breaking its 50 MA in a manner, while at the same time being provided support from higher lows and higher highs since March.
What's important to watch for is the initial breakout above the 50 MA. If it breaks out above its 50 MA, it has the fundamentals to ride a into the mid $40s, at which I would begin placing profits, and then anything after that I would camp my stop loss right around the mid $40s and continue to trail my stops and enjoy the trend.
Details on the company fundamentally will be coming soon. Look out for them at rockvuecapital.wordpress.com