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Target Corp: 52-Week High Recently Eclipsed (TGT)

By Nick Russo

Shares of Target Corp (NYSE:TGT) traded at a new 52-week high today of $113.24. Approximately 336,000 shares have changed hands today, as compared to an average 30-day volume of 3.9 million shares.

Target Corporation operates general merchandise discount stores. The Company focuses on merchandising operations which includes general merchandise and food discount stores and a fully integrated online business. Target also offers credit to qualified applicants through its branded proprietary credit cards.

Target Corp (NYSE:TGT) defies analysts with a current price ($113.19) 33.2% above its average consensus price target of $75.56. Target Corp shares have support at the 50-day moving average (MA) of $103.47 and additional support at the 200-day MA of $84.97.

Over the past year, Target Corp has traded in a range of $60.15 to $113.24 and is now at $113.19, 88% above that low. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 2.4%.

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: 52 week high/lows target corp

Ticker(s): TGT