After Yesterday's Rally of 1.70% Shares Could Potentially Pullback
Kohl's (NYSE:KSS) traded in a range yesterday that spanned from a low of $43.70 to a high of $45.15. Yesterday, the shares gained 1.7%, which took the trading range above the 3-day high of $44.62 on volume of 1.8 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, Kohl's share prices have been bracketed by a low of $33.87 and a high of $75.24 and are now at $45.10, 33% above that low price. 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 is tracking the current trend status for Kohl's and will alert subscribers who have KSS in their portfolio or watchlist when shares have changed trend direction.
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