Short-term trade idea for NYSE:TJX .
Long trade 52.98 -> 65.01 / Stop Loss: 49.97 (use Trailing Stop with 3.01 below the market).
Profit: 23%, Risk: 5.5%, Risk ratio = 1/4 for all our ideas.
Size: no more 5% of the portfolio for all our ideas.
All equities from our ideas was fundamentally checked and have good ratios (P/E, Debt/Equity, Sales past 5Y, Profit...
Let's wait that the the top red trendline (support) will be broken before going long.
Check always the other similar business like Macy's. (or perhaps also Ralph Lauren, etc.)
Hey traders,**DISCLAIMER** content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions. TJX is in a compression zone, it is plausible that it touches below and breaks from above...
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TJX s is off-price retailer TJX Companies (NYSE:TJX), which owns T.J. Maxx, Marshalls, and Home Goods brands.
The chain, which offers a wide selection of well-known designer brands at a steep discount, is likely to benefit from the end of stay-at-home measures as consumers migrate to discount retailers in search of value, especially in light of still-extensive...
It’s no secret that social distancing is bad for retailers. But one name in the space has held up better than most and may now be at risk of a move lower: TJX .
TJX, the parent of Marshall’s and TJX Maxx, had a strong bounce between mid-March and April 9. But since then it’s run into a wall of selling at $50. That’s the same level where it bottomed last May and...
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Little sell off today...selling into earnings. I'm not buying into the short side here. I'm long on TJX they respond either neutral or into the trend of the market when earnings come out. This is an unusual price action day for TJX. This stock has 21 times earnings and has made all time highs with more potential to continue to the upside with the holiday...
Entry level $60 = Target price $64 = Stop loss $59
Our previous trade worked out perfectly so we must take another look as earnings approach.
Indicators are very bullish as earnings approach.
Volume is particularly encouraging.
Sentiment and fundamentals remain very strong as the consumer economy continues to thrive.
TLX much more resilient to the AMAZON effect...
