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Possible Bearish Inside Day Candle Pattern Detected for Kohls Corp (:KSS)

By Amy Schwartz

SmarTrend's candlestick scanner has spotted a possible bearish inside day candle pattern in Kohls Corp (:KSS) based on the price action in the company's shares. Yesterday's price range of $49.91 and $51.46 is within the prior day's high and low of the day. This trading action often signifies indecision by bulls and bears to drive prices higher or lower and often implies a possible change in trend. Owners of Kohls Corp may want to consider a possible hedge in the event a pullback occurs. Look for confirmation in the next few trading days.

Over the past year, Kohls Corp has traded in a range of $43.33 to $83.28 and closed yesterday at $51.10, 18% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 1.1%.

There is potential upside of 33.0% for shares of Kohls Corp based on a current price of $51.10 and an average consensus analyst price target of $67.94. The stock should find resistance at its 200-day moving average (MA) of $60.45, as well as support at its 50-day MA of $48.49.

Kohl's Corporation operates a chain of family-oriented department stores. The Company's stores feature apparel, footwear and accessories for women, men and children; soft home products such as sheets and pillows; and housewares targeted to middle income customers. Kohl's also offers online shopping as well as offers store credit cards.

SmarTrend is tracking the current trend status for Kohls Corp and will alert subscribers who have KSS in their portfolio or watchlist when shares have changed trend direction.

Keywords: bearish am inside day candle :kss kohls corp

Ticker(s): KSS