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TJX Cos (TJX) Approaches New Downside Target of $71.10

By Nick Russo

Shares of TJX Cos (NYSE:TJX) opened today below their pivot of $72.21 and have already reached the first level of support at $71.73. Investors may be interested in a cross of the next downside pivot targets of $71.10 and $69.99.

TJX Cos (NYSE:TJX) has potential upside of 20.2% based on a current price of $71.86 and analysts' consensus price target of $86.38. The stock should find initial resistance at its 200-day moving average (MA) of $72.21 and further resistance at its 50-day MA of $76.72.

TJX Cos share prices have moved between a 52-week high of $83.64 and a 52-week low of $63.53 and are now trading 13% above that low price at $71.86 per share. 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 and will alert subscribers who have TJX in their portfolio or watchlist when shares have changed trend direction.

Keywords: pivot alerts tjx cos

Ticker(s): TJX