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After Yesterday's Rally of 1.27% Shares Could Potentially Pullback

By David Diaz

Tjx Cos Inc (NYSE:TJX) traded in a range yesterday that spanned from a low of $70.14 to a high of $71.12. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $70.34 on volume of 1.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Tjx Cos Inc has traded in a range of $68.22 to $83.64 and is now at $71.03, 4% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tjx Cos Inc on May 16th, 2017 by issuing a Downtrend alert when the shares were trading at $74.20. Since that call, shares of Tjx Cos Inc have fallen 5.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders tjx cos inc

Ticker(s): TJX