Simple Trading KSS 8 May 2015

KSS W 8 May 2015 Close

KSS is in a nice weekly uptrend.  The company reports on Thursday 14 May.  Lots of folks are anti taking a position in front of earnings, but not I.  If the stock can break the high of the week ending 1 May ($75.50) before breaking the low ($70.90), a long entry looks good.  If you’re taken long, I would use that $70.90 area for stop placement.

More aggressive traders can use a break of last week’s high at $74.90 with a stop at last week’s low ($71.40) as entry and stop parameters.

Hope it helps.

Bias: Long

KIS,

The Trader

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