• Return to Headlines

Watch for Target Corp to Potentially Pullback After Gaining 1.30% Yesterday

By Shiri Gupta

Target Corp (NYSE:TGT) traded in a range yesterday that spanned from a low of $56.12 to a high of $57.19. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $56.42 on volume of 3.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Target Corp have traded between a low of $48.56 and a high of $79.33 and are now at $57.01, which is 17% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.5%.

SmarTrend is tracking the current trend status for Target Corp and will alert subscribers who have TGT in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders target corp

Ticker(s): TGT