Target Is Near Resistance

New York, April 29th (TradersHuddle.com) - 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:

Loading

Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

Loading
Chart
o Dow Jones 17,099.55 ▼13.99 (-0.08%)
o S&P 500 1,988.39 ▲4.86 (0.25%)
o NASDAQ 4,476.50 ▲20.48 (0.46%)
INDEXDJX:.DJI

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,099.55 Trade time:12:01PM EDT Value change:▼13.99 (-0.08%)
INDEXSP:.INX

S&P 500

Company ID [INDEXSP:.INX] Last trade:1,988.39 Trade time:12:01PM EDT Value change:▲4.86 (0.25%)
INDEXNASDAQ:.IXIC

NASDAQ

Company ID [INDEXNASDAQ:.IXIC] Last trade:4,476.50 Trade time:12:01PM EDT Value change:▲20.48 (0.46%)

In The Wires

Copyright © 2013 TradersHuddle.com. All Rights Reserved.