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Retail Stocks Retreat, Watch This Level On KSS

|Includes: Kohl's Corporation (KSS)

This morning, many of the leading retail stocks are coming under some selling pressure at the start of the trading session. Leading retail stocks such as Kohl's Corp. (NYSE:KSS), Bed Bath & Beyond Inc. (NASDAQ:BBBY), Costco Wholesale Corporation (NASDAQ:COST), and Wal-Mart Stores Inc. (NYSE:WMT) are just a few of the names declining today. As you may know, the key to trading is to find where the stock will find enough institutional support to have a bounce. Day traders should watch the $49.90 area as decent support for KSS stock. This is an area on the chart which should give the stock an intra-day bounce.

Nicholas Santiago