Target Crosses Above its 10-day MA (TGT)
Target (NYSE:TGT) shares have crossed bullishly above their 10-day moving average of $67.70 on a volume of 1.8 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Target share prices have moved between a 52-week high of $85.81 and a 52-week low of $65.50 and are now trading 4% above that low price at $67.86 per share. The 200-day and 50-day moving averages have moved 0.12% lower and 0.55% higher over the past week, respectively.
SmarTrend recommended that its subscribers protect gains by selling shares of Target on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $79.85. Since that call, shares of Target have fallen 16.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses Target