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Watch for Shares of Target Corp (TGT) to Approach Resistance at $83.83

By Amy Schwartz

Shares of Target Corp (NYSE:TGT) opened today above their pivot of $82.06 and have already reached the first level of resistance at $82.86. Analysts will be watching for a cross of the next upside pivot targets of $83.83 and $85.60.

Target Corp (NYSE:TGT) defies analysts with a current price ($83.42) 9.4% above its average consensus price target of $75.56. The stock should hit resistance at its 50-day moving average (MA) of $86.28, as well as support at its 200-day MA of $77.71.

Over the past year, Target Corp has traded in a range of $60.15 to $90.39 and is now at $83.42, 39% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.

SmarTrend is monitoring the recent change of momentum in Target Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Target Corp in search of a potential trend change.

Keywords: pivot alerts target corp

Ticker(s): TGT