• Return to Headlines

After Yesterday's Rally of 2.91% Shares Could Potentially Pullback

By Shiri Gupta

Kohl's (NYSE:KSS) traded in a range yesterday that spanned from a low of $38.41 to a high of $40.03. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $38.54 on volume of 2.5 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 17% above that low price at $39.67 per share. The 200-day and 50-day moving averages have moved 0.8% lower and 0.29% lower over the past week, respectively.

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 26.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders kohl's

Ticker(s): KSS