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Look for Shares of Target Corp to Potentially Pullback after Yesterday's 1.15% Rise

By Shiri Gupta

Target Corp (NYSE:TGT) traded in a range yesterday that spanned from a low of $125.15 to a high of $125.61. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $125.53 on volume of 131,000 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 Corp have traded between a low of $60.15 and a high of $127.97 and are now at $125.41, which is 108% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.2% while the 200-day MA has risen 1.1%.

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