Kohl's (KSS) has been stuck in a choppy sideways-to-lower trading pattern all year. KSS has rallied above the 50-day moving average line, but the slope of the line is still bearish, as is the slope of the 200-day average. The On-Balance-Volume line has had a downward bias since December and the Moving Average Convergence Divergence oscillator is showing little in the way of trend strength.
Bottom line: I anticipate that KSS could remain stuck in a trading range between $42 on the upside and $35 on the downside for the near to intermediate term.
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