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After Yesterday's Rally of 1.62% Shares Could Potentially Pullback

By Nick Russo

Target Corp (NYSE:TGT) traded in a range yesterday that spanned from a low of $109.56 to a high of $110.99. Yesterday, the shares gained 1.6%, which took the trading range above the 3-day high of $110.86 on volume of 782,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Target Corp share prices have moved between a 52-week high of $114.38 and a 52-week low of $60.15 and are now trading 83% above that low price at $110.34 per share. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has remained constant.

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

Keywords: rebounders target corp

Ticker(s): TGT