During Friday's Mad Money program Jim Cramer looked at a number of companies that were due to report their latest earnings figures this week. Tuesday the non-essential retailer, Kohl's Stores Inc. (KSS) , is scheduled to report its numbers. Cramer advised viewers of selling Kohl's into any strength.
Let's check out the latest charts.
In the daily bar chart of KSS, below, we can see that prices have been in a downtrend the past 12 months. Prices declined sharply with the broader market losses from February into the middle of March but slipped to a lower low in early April. Prices moved sideways the balance of April and so far in May. Prices are above the declining 50-day moving average line today largely because prices moved sideways rather than because of the strength of the chart.
The daily On-Balance-Volume (OBV) line has moved sideways and thus shows only a balance between buyers and sellers. The Moving Average Convergence Divergence (MACD) oscillator has narrowed and remains below the zero line -- not a picture of strength.