Kohl's Bucks The Trend In Retail With A Q3 Beat

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Kohl's CorporationKSS
shares are trading higher by $2.88 at $46.04 in Thursday's session. It is one of a few retail stocks that surprised to the upside with a Q3 beat of $0.06 on inline revenues. After a sharply higher open ($45.43 vs. Wednesday's close of $43.16), it retreated only $0.13 to $45.30 before resuming its rally. The ensuing rally has found intra-day resistance just above its November 6 high ($47.20), reaching $47.24 before falling back to the $46 level.
Joel Elconin is the co-host of Benzinga's #PreMarket Prep, a daily trading idea radio show.
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Posted In: TechnicalsIntraday UpdateMoversTrading Ideasporemarket outlook
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