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Kohl's Falls 3.85% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Kohl's (NYSE:KSS) traded in a range yesterday that spanned from a low of $38.85 to a high of $40.80. Yesterday, the shares fell 3.9%, which took the trading range below the 3-day low of $38.88 on volume of 2.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 15% above that low price at $38.93 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 0.8%.

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 22.1%. 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