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Target Crosses Below its 10-day MA (TGT)

By David Diaz

Today, shares of Target (NYSE:TGT) have fallen below their 10-day MA of $74.14 on a volume of 9.4 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $70.79, which is 8% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Target on July 11th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $72.04. Since that recommendation, shares of Target have risen 4.8%. We continue to monitor TGT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses Target

Ticker(s): TGT