Tuesday, May 21, 2019 10:11:59 AM
This morning, leading retail stock, Kohls Corp (NYSE:KSS), is falling by more than 12.0% after reporting earnings that missed estimates. The stock has been weak since it peaked on April 24, 2019 at $75.80 a share. Today, KSS stock is trading lower by $7.41 to $55.46 a share. So it is easy to see how this stock is already very oversold at this time, but the pattern that is triggering today signals more downside to come. There is a big weekly chart head and shoulders pattern that has developed and is going to possibly trigger by the end of the week. Due to laws of symmetry the pattern suggests a potential decline down to the $35.00 level. Now please understand, these patterns take time to play out. They do not complete their potential declined in a single session, they take time to complete. Traders should also note that any pattern can fail at anytime, so if KSS closes above $60.00 on a weekly chart then this pattern is no longer valid and has failed.
Nicholas Santiago
InTheMoneyStocks
Recent KSS News
NanoViricides Reports that the Phase I NV-387 Clinical Trial is Completed Successfully and Data Lock is Expected Soon • NNVC • May 2, 2024 10:07 AM
ILUS Files Form 10-K and Provides Shareholder Update • ILUS • May 2, 2024 8:52 AM
Avant Technologies Names New CEO Following Acquisition of Healthcare Technology and Data Integration Firm • AVAI • May 2, 2024 8:00 AM
Bantec Engaged in a Letter of Intent to Acquire a Small New Jersey Based Manufacturing Company • BANT • May 1, 2024 10:00 AM
Cannabix Technologies to Deliver Breath Logix Alcohol Screening Device to Australia • BLO • Apr 30, 2024 8:53 AM
Hydromer, Inc. Reports Preliminary Unaudited Financial Results for First Quarter 2024 • HYDI • Apr 29, 2024 9:10 AM
