After Yesterday's Rally of 1.30% Shares Could Potentially Pullback
Kohl's (NYSE:KSS) traded in a range yesterday that spanned from a low of $36.12 to a high of $36.93. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $36.49 on volume of 1.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Kohl's has traded in a range of $33.87 to $75.24 and is now at $36.73, 8% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 0.3%.
SmarTrend recommended that its subscribers protect gains by selling shares of Kohl's on April 5th, 2016 by issuing a Downtrend alert when the shares were trading at $44.82. Since that call, shares of Kohl's have fallen 19.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: rebounders kohl's