Watch for Kohl's to Potentially Rebound After Falling 2.48% Yesterday
Kohl's (NYSE:KSS) traded in a range yesterday that spanned from a low of $37.07 to a high of $38.16. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $37.13 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
In the past 52 weeks, shares of Kohl's have traded between a low of $33.87 and a high of $75.24 and are now at $37.11, which is 10% 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 Kohl's on April 5th, 2016 by issuing a Downtrend alert when the shares were trading at $44.82. Since that call, shares of Kohl's have fallen 14.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
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