In recent days, Kohl’s (KSS) plummeted lower on poor earnings and guidance.
EPS of 74 cents missed estimates for 86 cents. Revenue of $4.36 billion also missed expectations for $4.4 billion. Same-store sales growth of 0.4% was below estimates for 0.8%. Kohl’s expects to earn an adjusted $4.75 to $4.95 per share for fiscal 2019, compared with a previous range of $5.15 to $5.45. Analysts wanted $5.19, as noted by CNBC.
However, the pullback appears to be overdone, as KSS finds support and begins to pivot. Technically, it has become oversold at its lower Bollinger Band (2,20) with over-extensions on RSI, MACD, and Williams’ %R.
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