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Watch for Shares of Tjx Cos Inc (TJX) to Approach Support at $107.45

By Nick Russo

Shares of Tjx Cos Inc (NYSE:TJX) have bearishly opened below the pivot of $109.36 today and have reached the first support level of $108.21. Should the shares continue to fall, the support pivots of $107.45 and $105.54 will be of interest.

Tjx Cos Inc share prices have moved between a 52-week high of $111.91 and a 52-week low of $66.44 and are now trading 62% above that low price at $107.77 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.2%.

Based on a current price of $107.77, Tjx Cos Inc is currently 14.8% above its average consensus analyst price target of $91.82. The stock should find initial support at its 50-day moving average (MA) of $101.45 and further support at its 200-day MA of $87.17.

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 38.8%. We continue to monitor TJX for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: pivot alerts tjx cos inc

Ticker(s): TJX