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
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...
