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After Yesterday's Rally of 2.28% Shares Could Potentially Pullback

By Shiri Gupta

TJX Cos (NYSE:TJX) traded in a range yesterday that spanned from a low of $75.02 to a high of $76.29. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $75.85 on volume of 1.6 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, TJX Cos share prices have been bracketed by a low of $63.53 and a high of $79.20 and are now at $76.23, 20% above that low price. 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