$KSS Kohls catches a Bid
Possible long entry on break above $21.50
Upside target to 100ma @ $24.00
50ma has been reclaimed and the stock has
suffered from serious selling pressure for 2 weeks
maybe the sellers are now exhausted.
Downtrend broken.
Risky sector and very prone to news related drops.
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KSS trade ideas
$KSS Kohls Upside Targets
Short interest remains high 16%
200ma target $33.98
Pivot point target $33.90
Company profile
Kohl's Corp. owns and operates family-oriented department stores. It offers apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.
KSS covered callToday, I bought KSS covered call where I bought 100 shares @ 19.04 per share and selling the at-the-money call 19 strike for 1.60.
Buy buying the covered call, I am limiting my upside by making a max profit of 1.56 x 100 shares = $156 max profit or 8.19%.
This limited profit also protects me by 8.19% at the stock price of $17.44. If stock goes below $17.44, I will start to lose money.
Now the stock could go up 20% , down 5%, or stay sideways and in all those cases, I will make money. If I'm wrong, I will own the stock at a discount of $17.44 per share.
Kohl Corporation Long Trade UpdatePreviously we showed our entry. Link is below. If you have not bought, you can still consider. we have moved stop loss to breakeven so if price reverse, we earn 0. But we are still waiting for price to challenge the $80 level We are currently in the money and hope for the better :)
$kss Kohl's Corp. $25 target Bullish reversal underway
Short interest 14%
Company profile
Kohl's Corp. owns and operates family-oriented department stores. It offers apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI.
25% upside in $KSS
Possible targets post earnings if things go well
15% short interest
Company profile
Kohl's Corp. owns and operates family-oriented department stores. It offers apparel, footwear and accessories for women, men and children; soft home products, such as sheets and pillows and house wares targeted to middle-income customers. Its stores generally carry a consistent merchandise assortment with some differences attributable to regional preferences. The company was founded in 1962 and is headquartered in Menomonee Falls, WI
Buy KOHLS CORP [NYSE: $KSS] | 5.1.2020 | Eric ChoeReasons
Possible bull-cross -1-hour timeframe
Trendline support acts as good support
Higher-low possibility
Stoch RSI - reset across 15-minute and 1-hour timeframe
RSI in bullish level (above 50)
Risks
Indices look toppy and ready to drop
Kohl's and coronavirus external fact
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My name is Eric Choe.
I am a professional trader with over 7 years of equities and cryptocurrency experience.
I've worked at an energy trading company, a Fortune 500 company, and one of the top management consulting firms in the world.
I left my high-paying salary as a management consultant in early 2018 for a career in investing and trading.
I've been a full-time equities trader ever since.
I give detailed analysis on TradingView.
Over the past 7 years, I've dedicated my time and effort to helping others learn about the financial markets.
All my ideas are for education purposes. There is a high-degree of risks involving leverage trading. Trade at your own risk. This is not financial advice
$KSS next stop... channel lowKSS has been trading within the $21 - $15 range since early April. It unsuccessfully attempted to break the $21 resistance level twice this week, and is now headed for the lower resistance level of $15. Based on past trading ranges, we should expect to see it hit this tomorrow for a 20% loss.
Additional Thoughts:
This will be further strengthened by $AMZN's earnings announcement today. Amazon is even seeing difficulty in this market and they have an online strategy locked down. KSS doesn’t stand a chance until we reopen. Most high population states with, also tend to have higher income levels, are extending lockdowns.
KOHL'S; victim of COVID-19 or just cheap5/7 factors of KOHL'S corporation fell under what Graham would name as a value stock
- BBB rating as of may 2019
- Current ratio >1,5 with 1,67
- P/E ratio --> 3,6
- P/BV ---> 0,45 (Attention here because Assets such as apperal is likely to be subject to lose value as time passes)
- Dividends --> as of FY 2019 the DPS was 2,86--> giving a yield of 18% with the current price
2/7 factors do not qualify
- EPS do not show a significant growth over the last five years
- total debt to current assets is higher than 1,1--> 1,33
Despite the risks of a substantial loss in EPS this year due to closure of malls and shops, and the inevitable devaluation of the companies current assets (and also tangible such as PPE), the company does still have a tangible book value double of its current price, which is highly important after COVID-19. It's also likely that people come back to shops after COvid-19 and that earnings reach a level similar to the previous years.
Therefore:
Entry price: 14,25
holding period: 3-4 years
Stop profit: 28,50
Stop loss: 10,00