If KORS continues lower, one may want to sell part of their position should it trade under 61, and the balance should it trade under 60. Of course, one may sell sooner depending on one's risk tolerance levels.
If one holds KORS, one should sell should it break below today's low with minimal porosity (<1%) if KORS closes near the low of its intraday range. Otherwise, if it closes in the top 2/3 or 1/2 of its trading range, more porosity (1-2%) can be given.
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