Kohl's (NYSE:KSS) traded in a range yesterday that spanned from a low of $46.63 to a high of $48.38. Yesterday, the shares fell 1.44%, which took the trading range below the 3-day low of $47.80 on volume of 4.2 million shares.
Shares of Kohl's are currently trading below their 50-day moving average (MA) of $49.73 and below their 200-day MA of $53.47. Look for these MAs to provide resistance for a short-term rebound in the shares.
SmarTrend is bearish on shares of Kohl's and our subscribers were alerted to Sell on May 14, 2010 at $53.73. The stock has fallen 12.1% since the alert was issued.
SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $47.80 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Department Stores industry.