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Look for Shares of Tjx Cos Inc to Potentially Pullback after Yesterday's 1.40% Rise

By Shiri Gupta

Tjx Cos Inc (NYSE:TJX) traded in a range yesterday that spanned from a low of $83.40 to a high of $84.21. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $83.20 on volume of 966,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend recommended that subscribers consider buying shares of Tjx Cos Inc on February 16th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.50. Since that recommendation, shares of Tjx Cos Inc have risen 5.4%. We continue to monitor TJX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Tjx Cos Inc share prices have moved between a 52-week high of $85.21 and a 52-week low of $66.44 and are now trading 26% above that low price at $83.95 per share. 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%.

Keywords: rebounders tjx cos inc

Ticker(s): TJX