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Bullish Moving Average Cross by Target Corp (TGT)

By Amy Schwartz

Target Corp (NYSE:TGT) shares have crossed bullishly above their 10-day moving average of $72.61 on a volume of 3.4 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Target Corp have traded between a low of $60.15 and a high of $90.39 and are now at $77.09, which is 28% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 0.3%.

SmarTrend is tracking the current trend status for Target Corp and will alert subscribers who have TGT in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses target corp

Ticker(s): TGT