OptionsPlay DailyPlay

The bullish DailyPlay we chose for Wednesday, June 27th is Kohl’s (KSS). KSS is part of the Consumer Discretionary Sector (XLY). Over the last month, XLY has experienced a 3.34% move higher and its 1m/6m trend has turned neutral and bullish on 6/25 and recently bounced higher off its $108 support level.

Kohl’s 1m and 6m trends turned bullish yesterday and recently bounced higher off its $72 support level. With a technical score of 9 (out of 10), KSS is a strong bullish stock that will likely continue higher.

View this Trade Idea on KSS

As a stop loss, if KSS was to trade below $72 for multiple days, this would invalidate our analysis and suggest getting out of the trade.

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