timwest
Long

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

NYSE:KSS   KOHLS CORP
364 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
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elcololp
2 years ago
Why you dont go long on breakout?
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2use elcololp
2 years ago
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.
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timwest PRO elcololp
2 years ago
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
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