Kohls (KSS) 11/23/09 PriceWatch Alert Shows Bearish Technicals

Posted: Monday, November 23, 2009 8:21 AM EDT

Kohls (NYSE: KSS) closed yesterday at $53.96. So far the stock has hit a 52-week low of $24.28 and 52-week high of $60.89. Kohls stock has been showing support around 53.02 and resistance in the 55.40 range. Technical indicators for the stock are Bearish and S&P gives KSS a positive 4 STAR (out of 5) buy rating. KSS appears on the Investors Observer Analysts Favorites list. For a hedged play on this stock, look at a Jan '10 50 covered call (KSS AJ) for a net debit in the $48.86 area. That is also the break even stock price for this trade. This covered call has a 54 day duration, provides 9.45% downside protection and a 2.33% assigned return rate for a 15.77% annualized return rate (comparison purposes only). Kohls does not pay dividends at this time. [ABR-Seven Summits Research]

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