Stocks

Kohl's exposed to free fall - Analysis - 05-07-2022

2022-07-05 12:54:15 GMT (Economies.com)

Kohl's Corporation's stock (KSS) skidded after the stores chain said in ended acquisition talks with Franchise Group, sending the stock down 19.64%, or 7.01 points, and settling at 28.68, with trading volumes surpassing 33 million shares, above 10-day averages of 7.8 million shares. 

 

The downward correctional trend dominates in the short term, with negative pressure from the 50-day SMA, piercing the support of 34.64, while the RSI reached oversold levels. 

 

Therefore we expect more losses for the stock, targeting the support of 18.30, provided the resistance of 34.64 holds on.

 

Open Live Trading Account

Expected trend for today: Bearish 

More Analysis

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.