Target Broke Resistance

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Target Broke Resistance

Published on Thursday, 02 February 2012 09:24 Written by Christopher Lynn

New York, February 2nd (TradersHuddle.com) - Shares of Target Corporation (NYSE:TGT) closed the trading session at $51.42 just above calculated resistance at $51.29 moving to what appears to be a new range, as this move will clearly raise the attention of momentum buyers.

Target Corporation (NYSE:TGT) operates general merchandise discount stores in the United States. The Minneapolis, Minnesota company operates general merchandise and food discount stores and a fully integrated online business.

Target's stock was trading in a well defined range with support at $47.25 and resistance at $51.29, given that this range was broken traders will be closely monitoring the stock

Time for Investors to Catch a Moving Target - TheStreet.com
Target Corp (TGT): Today's Featured Retail Winner - TheStreet.com
Target Needs More Than "Upscale Discounting" - Investopedia
UPDATE: Goldman Sachs Raises PT to $64 on Target Corporation; Attractive Domestic Play - Benzinga
Target Gives Back Gains After Q1 Earnings - Benzinga
International Strategy & Investment Group Maintains Buy Rating for Target - Benzinga
Target Trading Higher on Strong Earnings and Outlook - Benzinga
Target Fires Up to Higher 1Q Profit - Benzinga
UPDATE: Target Posts Rise In Q1 Profit - Benzinga
Target Sees Sees Q2 Adjusted EPS $1.04-1.14 vs 0.99 Est; Raises FY Guidance by $0.05 to $4.60-4.80 - Benzinga

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