I'm looking at the weekly charts, and everytime we have reversed and gone back up, we got a big washout bar like we are currently experiencing and then over the next 6 weeks anywhere from a 12 to 20 point rally.
Look at the weekly charts and you'll see what I'm describing. If that patterns hold true this time, It wouldn't surprise me if we are trading between 55 and 60 at the end of Jan.
That is an accurate pattern observation. The problem is people believed that Kohl's was a darling in the industry and was a growth stock. Now the word is out that this is a company that lacks leadership, and pocesses no merchandising savy. They are struggling for direction and even beginning to question the brands for less strategy which Target,Walmart began to question 2 years ago and did something about it. Who needs jsut another retailer? IMHO
Where do you get your information, try to be honest, you will get a chance to be happier:
"leadership, and pocesses no merchandising savy. They are struggling for direction/.../Who needs jsut another retailer? " Where do you get this!
This is the direction or have you not noticed:
The massive Kohl's Department Store on Goodman Road is beginning to take shape/.../Construction work is also under way at Kohl's Mid-South locations in Collierville in the Gallina Centro center at Poplar and Houston Levee road and on the 11.52 acres in Cordova at Interstate 40, west of Germantown Parkway and south of the Costco store."
"Southaven Mayor Greg Davis said he's already gotten hints of how beneficial Kohl's will be to the city.
"In the recruitment for a regional mall, the Kohl's name has a lot of clout and has really put us on the radar for a lot of strong retail developers and retail investors," Davis said.
"They're a financially sound, strong company."
The massive Kohl's Department Store on Goodman Road: Construction crews are working on the inside and outside of the 95,000-square-foot building.
Chattanooga-based EMJ contractors began work on the site north of Goodman Road east of Swinnea in mid-September/...?Work has progressed quickly/.../Construction work is also under way at Kohl's Mid-South locations in Collierville in the Gallina Centro center at Poplar and Houston Levee road and on the 11.52 acres in Cordova at Interstate 40, west of Germantown Parkway and south of the Costco store.
Notice that the construction site is in an area that was researched in the past! There must be a lot of traffic!
Mr. ynmug2003-find a power greater than yourself, you will be happier.
My proprietary work indicate that KSS is oversold. Today's performance has not made the necessary retracement to halt the down trend. Expect a at least two more days of agressive buying follow by a minor correction then a progressive continuation of first leg uptred to the low $50.00s-all before the end of the year. The UD ratio hardly improved today, yet it remains at .44. A good sign of large buying today and further accumulation to come.
The following technical relationships continue at an inflection turning point in the following simple indicators- Oversold Condition:
LN(P/50MA)= -10.3% LN(20MA/50MA)= -7.2% fist time halting LN(20MA/200MA) = -15.4 still descending LN(LOW/MAX(120LOW)= -37.4%
KSS ranks among the most oversold stocks in the S&P500 yet promissing 12 month foward and beyond 20% growth in Earnings Per Share.
Other stocks oversold: MRK, ANF, EK, WYE, DAL, VZ, DAL, BJS, CL, and JNJ.
KSS continue to rank at the present (12/17) the most oversold equity with promissing 14 month target of 50% to 100% price appreciation, consistant with continue growth in their business model-a countinuos oppening of new KOHL's stores, and inovative marketing paradyns.
your PROPRIETARY work has been telling people to buy as this stock has dropped from $60 to $45. please. do not make me laugh. i don't think your other "oversold" picks are actually decent. of the ones I know, KSS is by far the worst. by the other ones but i would sell KSS as soon as you can. it is an accident that is no longer waiting to happen, it is happening before your very eyes. and it will get worse. much, much worse.