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Next Support Level for Target Corp (TGT) is $76.39

By Shiri Gupta

Shares of Target Corp (NYSE:TGT) opened today below their pivot of $77.01 and have already reached the first level of support at $76.76. Should the shares continue to fall, the support pivots of $76.39 and $75.77 will be of interest.

Over the past year, Target Corp has traded in a range of $60.15 to $90.39 and is now at $76.71, 28% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.0%.

Target Corp (NYSE:TGT) is currently priced 1.5% above its average consensus analyst price target of $75.56. Target Corp shares should encounter resistance at the 200-day moving average (MA) of $77.50 and support at the 50-day MA of $71.38.

SmarTrend recommended that subscribers consider buying shares of Target Corp on January 7th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.35. Since that recommendation, shares of Target Corp have risen 12.8%. We continue to monitor TGT for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts target corp

Ticker(s): TGT