Target Is Close to Resistance

New York, September 17th ( - Shares of Target Corporation (NYSE:TGT) are trading very close to calculated resistance at $64.99. The stock ended the trading session at just $64.67, which is near levels that make it difficult to buy or start a position.

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 range is defined by its calculated support defined at $54.95 and by the resistance level at $64.99; the stock is clearly over-extended from support, making it harder for participants to establish fresh longs.

Traders don't have a clear entry point for Target. However, as the stock pulls back towards $54.95 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $64.99 then traders will get an opportunity to enter the stock as it moves to a higher range.

What’s the next under-$10 stock that could be ready to skyrocket? Find out now when you join David Peltier at Stocks Under $10.

TradersHuddle Search

Stock Search:

Site Search:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,798.49 ▼14.90 (-0.08%)
o S&P 500 2,090.11 ▲1.24 (0.06%)
o NASDAQ 5,127.52 ▲11.38 (0.22%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,798.49 Trade time:1:57PM EST Value change:▼14.90 (-0.08%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,090.11 Trade time:1:57PM EST Value change:▲1.24 (0.06%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,127.52 Trade time:2:15PM EST Value change:▲11.38 (0.22%)

In The Wires

Copyright © 2013 All Rights Reserved.