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Target Corp Bearish Moving Average Crossover Alert (TGT)

By David Diaz

Target Corp (NYSE:TGT) crossed under its 10-day moving average of $81.55 on a volume of 904K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $90.39 and are now at $80.96, 35% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

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