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Bullish Moving Average Cross by Target Corp (TGT)

By Nick Russo

Today, shares of Target Corp (NYSE:TGT) have advanced above their 10-day MA of $108.02 on a volume of 763K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Target Corp share prices have been bracketed by a low of $60.15 and a high of $110.94 and are now at $108.39, 80% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.2% while the 50-day MA has advanced 2.4%.

SmarTrend recommended that subscribers consider buying shares of Target Corp on August 21st, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $100.75. Since that recommendation, shares of Target Corp have risen 7.1%. We continue to monitor TGT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses target corp

Ticker(s): TGT