KSSPosted this on TWTR but I didn't save it and lost track of it (2-9) Anyway here's the measured move
KSS trade ideas
Republishing KSS breakout from 4 months ago - Sep 2014Republishing.
Great place to trim positions, cut back exposure by selling long term covered calls here at the money.
Downside risk back to the 62-60 area with upside roughly to the 72-78 zone.
Tim
Kohl's Corp - KSS - Daily - Key Support $56, Upside $62+Strong support from "Key Levels" from $56-$55.3.
Buy for a rally to $62-$63, Risk to $53.5
Upside 6 pts, downside 50% (in my opinion).
Tim
10/13/2014 Monday, 11:24AM EST 56.32 last
Kohl's Corp -KSS - 10 Year Chart with 7 year breakoutKohl's has been one of my cash-flow stocks for the past two years for the following reasons:
1. They have been consistently profitable through tough economic times.
2. The stock chart is a nice, sideways pattern that often gets oversold on some news that really isn't important.
So, when the stock breaks out of a 7-year trading range, part of me is disappointed because this has been a great sideways trading stock for a long time and now it might be encouraging the trend followers to jump on board, which will change the character of the trading.
I'm happy for KSS shareholders since they can now earn some money since KSS has been going sideways for 10 years, but for those of us that can trade in and out of KSS and make 20% a year (which violates the commonly held principle that "buy and hold" is the only way to go), our work will get more difficult. So, I suggest we take a look at Children's Place PLCE as a suitable replacement for KSS. Due diligence will be forthcoming on PLCE. But for now, thank you Kohl's.
Tim 10:15EST 9/18/2014
KSSThe overall choppy nature of this chart is very annoying - but might be up something here for those who like this kind of thing.
KSS: Channel Buy ZoneRecent Bearish Harmonic Fib structure withing upward channel playing out. Buy zone around .886 fib.
