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Watch for Tjx Cos Inc to Potentially Rebound After Falling 2.44% Yesterday

By David Diaz

Tjx Cos Inc (NYSE:TJX) traded in a range yesterday that spanned from a low of $45.91 to a high of $46.83. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $46.94 on volume of 2.5 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, Tjx Cos Inc share prices have been bracketed by a low of $45.13 and a high of $113.28 and are now at $47.17, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.1% while the 200-day MA has slid 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Tjx Cos Inc on October 23rd, 2018 by issuing a Downtrend alert when the shares were trading at $106.65. Since that call, shares of Tjx Cos Inc have fallen 55.8%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders tjx cos inc

Ticker(s): TJX