Kohls (KSS) Is Forming Bearish Pattern

President & CEO Chief Market Strategist at IntheMoneyStocks.com • Jan 22, 2020 at 1:09 PM EST

Leading department store retailer, Kohls Corp, continues to struggle to catch a bid.

Leading department store retailer, Kohls Corp (NYSE:KSS), continues to struggle to catch a bid. The stock recently plunged lower in November 2019 after reporting earnings that disappointed Wall Street. Traders and investors should note that the stock is trading below it’s important 200-month moving average. This tells me that the stock is in a severe downtrend and further downside is very likely in the near term. Traders should note that the stock should have solid support around the $35.00 level. This level is where the stock was defended in June 2017 and it will likely be solid support again when tested.

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