Target Crosses Above its 10-day MA (TGT)
Today, shares of Target (NYSE:TGT) have advanced above their 10-day MA of $70.78 on a volume of 1.9 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.
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 $71.28, which is 9% 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 and will alert subscribers who have TGT in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses Target