Target has been one of the most interesting large companies in the last 2-3 years. It’s managed to dodge the retail apocalypse, build a thriving digital business and enamor a new generation of younger shoppers.
The stock pushed to new highs after a strong earnings report on November 18. It then pulled back gently and is now trying to make a higher low above its previous peak of $167.42.
The other feature standing out on TGT’s chart is the 21-day exponential moving average (EMA). The shares have approached that line but not quite tested it. That kind of fast and tight ascending pattern suggests the buyers remain firmly in control.
Overall, TGT is executing very well. It also has seasonality in its favor as the holidays approach and the market prices in an economic recovery. Investors waiting for a steeper pullback might find their stockings empty on Christmas morn.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
The stock pushed to new highs after a strong earnings report on November 18. It then pulled back gently and is now trying to make a higher low above its previous peak of $167.42.
The other feature standing out on TGT’s chart is the 21-day exponential moving average (EMA). The shares have approached that line but not quite tested it. That kind of fast and tight ascending pattern suggests the buyers remain firmly in control.
Overall, TGT is executing very well. It also has seasonality in its favor as the holidays approach and the market prices in an economic recovery. Investors waiting for a steeper pullback might find their stockings empty on Christmas morn.
TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
