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Target Bullish Moving Average Crossover Alert (TGT)

By Nick Russo

Target (NYSE:TGT) shares have crossed bullishly above their 10-day moving average of $69.04 on a volume of 704K 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, shares of Target have traded between a low of $65.50 and a high of $85.81 and are now at $69.51, which is 6% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Target on August 17th, 2016 by issuing a Downtrend alert when the shares were trading at $70.78. Since that call, shares of Target have fallen 3.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses Target

Ticker(s): TGT