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To: yard_man who wrote (71336)2/23/2001 8:26:47 PM
From: UnBelievable  Read Replies (2) | Respond to of 436258
 
KSS Looks Great

If you use some imagination it looks like it broke down from a rising wedge yesterday got some support from the 50 DAy SMA today and rallied back to the point of breakdown, and stopped at the 13 Day SMA.

Looks a little pricey with a PE of 73 - They only pay 36 for WMT and 34 for HD.

It looks like it has minor support at 63, might get a little bounce from the 200 Day SMA at about 59 and could find a place to rest at 48.50 or so. After a little rest it should continue its journey pausing at 40 before reaching what looks like reasonably solid support at 32.50.

While it looks like a good short and hold I may go with puts. April 55's which should cost 1.35 look good.