Watch These Kohl's Stock Price Levels as Retailer Becomes Latest Meme Play
The shares likely received a boost from a short squeeze, given that nearly half of Kohl's float is held by short sellers. Tuesday's trading action echoed the meme-stock rally of four years ago, when Reddit users targeted heavily shorted retail stocks, including video game seller GameStop (GME) and movie theater chain AMC Entertainment (AMC).
Kohl's shares closed 38% higher at $14.34 on Tuesday, its highest level since December. The stock, which more than doubled early in Tuesday's session, has now inched back into positive territory for 2025.
Below, we take a closer look at Kohl's weekly chart and use technical analysis to identify major price levels that tactical traders will likely be watching.
Volume Signals Meme-Driven Trading Activity
After bottoming out in early April, Kohl's shares trended steadily higher before today's pop. It's worth pointing out that about 183 million shares traded hands by 2:20 p.m. ET on Tuesday, about 25 times the stock's 25-day moving average volume, indicating meme-driven trading activity.
While the stock has rallied above the 50-week moving average, the relative strength index remains below overbought levels, providing ample room for further speculative buying.
Let's identify three overhead areas on Kohl's chart to watch if the buying frenzy continues and also locate a key support level worth monitoring amid the potential for profit-taking.
Overhead Areas to Watch
The first overhead area to watch sits around $29, This location finds a confluence of resistance from the nearby 200-week MA and a trendline that connects multiple peaks on the chart between June 2020 and April last year.
Buying above this area could spark a rally toward $45. The shares may run into selling pressure at this level near a series of troughs on the chart stretching from August 2019 to January 2022.
The next higher area to track lies at $64. A surge into this region would likely face significant resistance near several peaks that formed on the chart between March 2021 and April 2022.
Key Support Level Worth Monitoring
During volatile profit-taking events in the stock, investors should monitor the $11 level. Tactical traders could see this location a high probability 'buy the dip' area near the 2020 pandemic low and a period of brief consolidation in February this year.
The comments, opinions, and analyses expressed on Investopedia are for informational purposes only. Read our warranty and liability disclaimer for more info.
As of the date this article was written, the author does not own any of the above securities.
Read the original article on Investopedia
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
EQT and CPP Investments to acquire NEOGOV, a provider of HR and compliance software for U.S. public sector agencies, from Warburg Pincus and Carlyle
The EQT X fund ("EQT") and Canada Pension Plan Investment Board ("CPP Investments") have agreed to acquire NEOGOV, which serves over 10,000 public sector agencies with purpose-built government HR and compliance software solutions NEOGOV's cloud-native solutions support the full employee lifecycle and help public sector agencies drive efficiency and stay compliant with local policies and regulatory frameworks EQT and CPP Investments will partner with CEO Shane Evangelist and the management team to accelerate growth and expansion, building upon their track records in the US software sector STOCKHOLM, July 28, 2025 /PRNewswire/ -- EQT announced today that the EQT X fund ("EQT") together with Canada Pension Plan Investment Board ("CPP Investments") have agreed to acquire NEOGOV (the "Company") from funds managed by Warburg Pincus and Carlyle. Founded in 2000 and headquartered in El Segundo, California, NEOGOV delivers purpose-built human capital management and public safety solutions to nearly 10,000 public sector organizations across North America. NEOGOV's cloud-native suite supports the full employee lifecycle – from recruitment and onboarding to performance management and compliance management – while helping agencies stay compliant with local policies and regulatory frameworks. "Local governments are the backbone of our communities. Our mission is to help them operate more efficiently and serve citizens more effectively. EQT and CPP Investments share our vision and bring the experience and capital to help us scale faster," said Shane Evangelist, CEO of NEOGOV. "Our priorities include advancing product innovation and AI capabilities to help public sector agencies drive increased efficiency and compliance adherence. EQT and CPP Investments' deep expertise in software and broad network of advisors will be instrumental to supporting NEOGOV's growth." "We are excited to partner with Shane and the NEOGOV team, who are operators at the highest levels. The team brings a deep understanding of the challenges that public sector agencies face, and we're proud to support a company that has earned such trust in the public sector," said Arvindh Kumar, Partner and Co-Head of EQT's Global Technology Team. Tyler Parker, Managing Director in the EQT Private Equity advisory team, added: "It's rare to find a software company that is so well-loved by its customers, and we look forward to partnering with NEOGOV to continue to modernize public sector operations and deliver impactful technology to those on the front lines of civic service." "NEOGOV is a leading software platform with distinct customer offerings that is poised for growth due to increasing demand from its customers across North America. Together with its strong management team, the Company is a good fit for our strategy to invest in high-quality software companies. We look forward to supporting the Company in this next phase of development alongside EQT and the management team," said Sam Blaichman, Managing Director, Head of Direct Private Equity, CPP Investments. With this transaction, EQT X is expected to be 60 – 65 percent invested (including closed and/or signed investments, announced public offers, if applicable, and less any expected syndication). The transaction is subject to customary conditions and approvals and is slated for completion in the coming months. Moelis & Company LLC served as exclusive financial advisor and Willkie Farr & Gallagher served as legal counsel to NEOGOV. Jefferies LLC served as exclusive financial advisor and Ropes & Gray served as legal counsel to EQT. Contact EQT: EQT Press Office, press@ CPP Investments: Asher Levine, Public Affairs & Communications, alevine@ T: +1 929 208 7939NEOGOV: Scott Jensen, Vice President of Marketing, sjensen@ This information was brought to you by Cision The following files are available for download: PR_EQT CPPI NEOGOV_25.07.28 DSC03016 View original content: Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
22 minutes ago
- Yahoo
Why Dispo's co-founder made the leap from social media to steelmaking
Daniel Liss, co-founder of the social network Dispo and the dating app Teaser AI, is convinced he's onto the next big thing: steelmaking. It all started, incongruously, with a few op-eds he wrote for TechCrunch about anti-trust enforcement in social media. The commentaries apparently caught the attention of some folks in Washington D.C., Liss told TechCrunch, and resulted in him being invited to guest judge a war game capstone exercise in spring 2023 hosted by the National War College. The war game was very au courant, running a scenario in which the U.S. and China fought for supremacy over Taiwan and the South China Sea. Liss's take away from the exercise? 'Our core supply chain of the arsenal of democracy — literally, the ships that my grandfather fought in — we don't have the ship-building capacity. If we did, we don't have the steel to make it,' he said. At that point, Liss said he became 'really interested — obsessed, even' with the steel supply chain. 'That was really the birth of Nemo Industries.' The basic pitch for Nemo Industries, Liss's latest startup, appears as though it were drawn from a Venn diagram of two very American anxieties, steelmaking and AI. The company, until now, has been operating in stealth, but Liss gave TechCrunch a peek behind the scenes. First, the obvious part: Nemo will use AI to optimize the production of pig iron, modernizing an industry that Liss said is woefully outdated. 'These plants are run on, at best, Excel spreadsheets. At worst, clipboard technology,' he said. The people who run them have 'unbelievable expertise,' he added, but that's the sort of thing that doesn't scale well. But Liss isn't pitching Nemo as just another piece of industrial software. Rather, Nemo is planning to build its own furnaces. The decision was driven by Liss's conviction that companies which use AI from inception will have a '20% to 30% margin advantage' over competitors. In steelmaking, such conviction doesn't come cheap. Hyundai Motor Group said in March that it would build a $6 billion steel plant in Louisiana to supply its factories in the U.S. Nemo's plant may not cost that much since its operations will be focused on pig iron, an intermediate product which steelmakers use to make a range of different alloys. Nemo will fire its furnaces using natural gas, which releases less carbon dioxide than coal, which is commonly used in the iron and steel industry. Liss said the company is considering capturing the furnaces' carbon pollution; tax incentives introduced under the Inflation Reduction Act remain largely intact, and they make the endeavor profitable for Nemo, he said. Liss's partner in Nemo is Michael DuBose, an investor who previously worked at Cheniere Energy, a natural gas company. 'He's built billions of dollars in LNG infrastructure,' Liss said. The startup will need that sort of scale if it's to succeed. Nemo previously raised $28.2 million, according to PitchBook, and it is currently in talks with existing investors to raise a $100 million Series A with existing investors, a person familiar with the matter told TechCrunch. The company also has received offers for over $1 billion in incentives from two southern states if the company can build three plants over the course of 15 years, the person said. It's a tall order for anyone to tackle, but Liss said that sort of ambition is required if the steel industry is going to deliver the sort of returns desired by venture capitalists. And, he added, basic industries like steel have historically delivered big wins for investors. 'When you look at the history of our country, many of the greatest companies that created outsize outcomes for their initial investors were in these categories,' Liss said. 'Ultimately, what were the Rockefellers and the Carnegies and the Melons and the Fricks investing in? The dollar amounts are so big in these categories.'
Yahoo
22 minutes ago
- Yahoo
EU vowed $600B US economy investment from Trump trade deal. Hours later, European bloc admitted it can't back that promise
Less than a day after President Donald Trump claimed that the European Union had agreed to invest $600 billion into the United States as part of a trade deal that will see Trump ask Americans to shoulder a 15 percent import tax on many European goods, EU officials are quietly backtracking. The deal to avert a full-on trade war between the U.S. and one of its major trading partners came into shape over the weekend as Trump met with European Commission President Ursula von der Leyen at his Turnberry golf resort in Scotland. Trump had threatened to impose a 30 percent tax on EU imports in a letter to von der Leyen earlier this month. But he told reporters traveling with him on his extended-weekend golf holiday that he and von de Leyen had agreed that the U.S. would impose 'a straight-across tariff of 15 percent' for 'automobiles and everything else' imported into the U.S. from the bloc. Trump also said the EU had agreed to open its own markets by not raising any retaliatory taxes on American goods. Though tariffs are designed to promote domestic production and purchasing by taxing imported goods, the increase in cost typically falls on consumers, not foreign governments. This is because retailers often sidestep the increased import costs by raising prices. Still, the president's public statements have indicated that he sincerely believes that tariffs are paid by foreign nations as a sort of tribute for the purpose of accessing American markets. In fact, they are paid by American importers and passed on to consumers in the form of higher prices. The European Commission president called the agreement a 'huge deal' that would 'bring stability' and 'bring predictability,' calling both benefits 'very important for our businesses on both sides of the Atlantic.' The president also claimed that the agreement would bring $600 billion into American coffers by way of investments made by the EU into U.S. companies. But on Monday, multiple EU officials walked back the massive outlay by noting that it would be made by a variety of private companies over which the bloc has no authority when it comes to corporate spending priorities. One such official told Politico that none of the funds touted by Trump would be from the public coffers of any EU nation. 'It is not something that the EU as a public authority can guarantee. It is something which is based on the intentions of the private companies,' the official said. Another official stated that the $600 billion figure had been calculated "based on detailed discussions with different business associations and companies in order to see what their investment intentions are,' but as of Monday the European Commission has not announced any plans to use any sort of incentives to encourage the investment at issue. Sign in to access your portfolio
