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After Yesterday's Decline of 1.06%, TJX Cos Offers Investors Better Value

By Nick Russo

TJX Cos (NYSE:TJX) traded in a range yesterday that spanned from a low of $78.17 to a high of $79.22. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $78.17 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

TJX Cos share prices have moved between a 52-week high of $83.64 and a 52-week low of $63.53 and are now trading 23% above that low price at $78.32 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for TJX Cos and will alert subscribers who have TJX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders tjx cos

Ticker(s): TJX