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Tjx Cos Inc Set to Possibly Rebound After Yesterday's Selloff of 1.43%

By James Quinn

Tjx Cos Inc (NYSE:TJX) traded in a range yesterday that spanned from a low of $59.37 to a high of $60.15. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $60.34 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Tjx Cos Inc have traded between a low of $41.49 and a high of $61.69 and are now at $60.00, which is 45% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.4%.

SmarTrend is tracking the current trend status for Tjx Cos Inc and will alert subscribers who have TJX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders tjx cos inc

Ticker(s): TJX