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SmarTrend Watching for Potential Pullback in Shares of Tjx Cos Inc After 1.04% Gain

By James Quinn

Tjx Cos Inc (NYSE:TJX) traded in a range yesterday that spanned from a low of $99.36 to a high of $101.23. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $100.45 on volume of 1.8 million 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 27.1%. We continue to monitor TJX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Tjx Cos Inc share prices have been bracketed by a low of $66.44 and a high of $101.23 and are now at $100.82, 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.9% while the 200-day MA has risen 0.7%.

Keywords: rebounders tjx cos inc

Ticker(s): TJX