Kohl’s Corporation (NYSE: KSS)

Kohl's Corporation operates department stores in the United States. Its stores offer private, exclusive, and national branded apparel, footwear, and accessories for women, men, and children; soft home products, such as sheets and pillows; and house wares targeted to middle-income customers. As of June 14, 2013, it operated 1,155 stores in 49 states. The company also provides on-line shopping through its Website Kohls.com. Kohl's Corporation was founded in 1962 and is headquartered in Menomonee Falls, Wisconsin.
To review Kohl's stock, please take a look at the 1-year chart of KSS (Kohl's Corporation) below with my added notations:
KSS fell sharply in November, but rallied slowly back up after that. During the last two or three months the stock has been stuck within a common pattern known as a rectangle. Rectangle patterns form when a stock bounces between a horizontal support and resistance. A minimum of (2) successful tests of the support and (2) successful tests of the resistance will give you the pattern. KSS's rectangle pattern has formed a $54 resistance (red) and a $50 support (blue). You can also see that the prices of $54 and $50 were also important to the stock prior to November's decline.
The Tale of the Tape: KSS has formed a rectangle pattern. The possible long positions on the stock would be either on a pullback to $50, or on a breakout above $54. The ideal short opportunity would be on a break below $50.
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