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After Yesterday's Rally of 1.16% Shares Could Potentially Pullback

By Amy Schwartz

Target (NYSE:TGT) traded in a range yesterday that spanned from a low of $70.85 to a high of $72.69. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $72.20 on volume of 2.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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 $72.26, which is 10% 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 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: rebounders Target

Ticker(s): TGT