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Republishing. Great place to trim positions, cut back exposure by selling long term covered calls here at the money. Downside risk back to the 62-60 area with upside roughly to the 72-78 zone. Tim
www.stocksetups.com
Strong support from "Key Levels" from $56-$55.3. Buy for a rally to $62-$63, Risk to $53.5 Upside 6 pts, downside 50% (in my opinion). Tim 10/13/2014 Monday, 11:24AM EST 56.32 last
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...
Recent Bearish Harmonic Fib structure withing upward channel playing out. Buy zone around .886 fib.