Kohl's Proves Parts of 'Old Retail' are Alive & Well

Kohl's Corp. (KSS) was reviewed the other day where we summed up our thinking this way: "Investors are now excited about parts of retail. KSS is coming out of a two-year base pattern and could rally to the $70-$75 area in the months ahead. A close back below $50 would turn my chart bearish." With KSS trading around $64 this morning as the markets opened, a fresh look at the charts wouldn't hurt.

In this daily bar chart of KSS, below, we can see that prices have continued to rally sharply and were up further in pre-market action. KSS is well above the rising 50-day moving average line and the rising 200-day line. The On-Balance-Volume (OBV) line continues to move up and just made a new high with the new price high -- all good. The Moving Average Convergence Divergence (MACD) oscillator is turning up to a fresh outright go long signal....135 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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