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Kohl's Bearish Moving Average Crossover Alert (KSS)

By Shiri Gupta

Today, shares of Kohl's (NYSE:KSS) have crossed bearishly below their 10-day moving average of $37.45 on a volume of 847K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Kohl's share prices have moved between a 52-week high of $75.24 and a 52-week low of $33.87 and are now trading 9% above that low price at $36.98 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Kohl's on December 19th, 2016 by issuing a Downtrend alert when the shares were trading at $51.96. Since that call, shares of Kohl's have fallen 26.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses kohl's

Ticker(s): KSS