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Look for Shares of TJX Cos to Potentially Rebound after Yesterday's 1.06% Sell Off

By James Quinn

TJX Cos (NYSE:TJX) traded in a range yesterday that spanned from a low of $78.17 to a high of $79.22. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $78.17 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

In the past 52 weeks, shares of TJX Cos have traded between a low of $63.53 and a high of $83.64 and are now at $78.32, which is 23% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

Keywords: rebounders tjx cos

Ticker(s): TJX