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Target Corp Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Target Corp (NYSE:TGT) traded today at a new 52-week high of $112.00. So far today approximately 275,000 shares have been exchanged, as compared to an average 30-day volume of 4.3 million shares.

Target Corp share prices have moved between a 52-week high of $112.00 and a 52-week low of $60.15 and are now trading 85% above that low price at $111.54 per share. The 200-day and 50-day moving averages have moved 1.15% higher and 1.82% higher over the past week, respectively.

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) is currently priced 32.3% above its average consensus analyst price target of $75.56. The stock should find initial support at its 50-day moving average (MA) of $100.49 and further support at its 200-day MA of $83.81.

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