timwest
Long

Kohl's Corp -KSS - 10 Year Chart with 7 year breakout

NYSE:KSS   KOHL'S CORP
367 3 10
Kohl's has been one of my cash-flow stocks for the past two years for the following reasons:
1. They have been consistently profitable through tough economic times.
2. The stock chart is a nice, sideways pattern that often gets oversold on some news that really isn't important.

So, when the stock breaks out of a 7-year trading range, part of me is disappointed because this has been a great sideways trading stock for a long time and now it might be encouraging the trend followers to jump on board, which will change the character of the trading.

I'm happy for KSS             shareholders since they can now earn some money since KSS             has been going sideways for 10 years, but for those of us that can trade in and out of KSS             and make 20% a year (which violates the commonly held principle that "buy and hold" is the only way to go), our work will get more difficult. So, I suggest we take a look at Children's Place PLCE as a suitable replacement for KSS             . Due diligence will be forthcoming on PLCE. But for now, thank you Kohl's.

Tim 10:15EST 9/18/2014
Subscribe to my indicator package KEY HIDDEN LEVELS $20/mo or a discount for a year and join in the trading room KEY HIDDEN LEVELS here at TradingView.com
Why you dont go long on breakout?
Reply
2use elcololp
I assume the answer is within the description. Risk/Reward in a determined sideways trend that works is better than in a breakout - more possibility for the 'unkown' to happen and drive the price both ways. Trade safe to make solid profits.
Reply
timwest PRO elcololp
Sorry I didn't get your question 6 months ago. KSS was a great "safety-net, great valuation stock" but it was turning into a trending stock. You could have bought it from a trending perspective (it's up nearly 30% since and outperforming the overall market). Thanks for your reply. Tim
Reply
United States
United Kingdom
India
Deutschland
France
España
Italia
Polska
Türkiye
Россия
Brasil
Indonesia
Malaysia
ประเทศไทย
Việt Nam
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out