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Look for Shares of Kohls Corp to Potentially Pullback after Yesterday's 2.73% Rise

By Nick Russo

Kohls Corp (NYSE:KSS) traded in a range yesterday that spanned from a low of $38.72 to a high of $40.17. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $39.13 on volume of 1.7 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, Kohls Corp share prices have been bracketed by a low of $35.16 and a high of $59.67 and are now at $39.91, 14% above that low price. Over the past week, 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 Kohls Corp on December 19th, 2016 by issuing a Downtrend alert when the shares were trading at $51.96. Since that call, shares of Kohls Corp have fallen 25.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders kohls corp

Ticker(s): KSS