Focus Stocks

Target Is Near Resistance

New York, April 29th ( - Shares of Target Corporation (NYSE:TGT) are trading very close to calculated resistance at $70.99. The stock ended the trading session at just $70.52, 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 $58.01 and by the resistance level at $70.99; 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 $58.01 it will definitely provide a reference point to establish a trade. On the other hand, if the stock breaks above its resistance level at $70.99 then traders will get an opportunity to enter the stock as it moves to a higher range.

TradersHuddle Search

Stock Search:

Site Search:

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,050.75 ▲138.46 (0.82%)
o S&P 500 2,013.43 ▲17.60 (0.88%)
o NASDAQ 4,810.79 ▲19.64 (0.41%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,050.75 Trade time:4:29PM EDT Value change:▲138.46 (0.82%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,013.43 Trade time:4:29PM EDT Value change:▲17.60 (0.88%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:4,810.79 Trade time:5:15PM EDT Value change:▲19.64 (0.41%)
Copyright © 2013 All Rights Reserved.