On Monday, Kohls ( KSS ) reached an important technical milestone, seeing its Relative Strength ( RS ) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.
[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they begin their biggest runs.
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Kohls is trying to complete a cup without handle with a 59.77 buy point . See if it can break out in volume at least 40% higher than normal.
EPS growth decreased in the company's most recent report from 2% to -13%, but revenue rose from -1% to 0%.
The company holds the No. 1 rank among its peers in the Retail-Department Stores industry group. Nordstrom ( JWN ) and Macy's ( M ) are also among the group's highest-rated stocks.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
