• Error loading component: com_content, 1
  • Error loading component: com_content, 1
  • Error loading component: com_content, 1

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:


Technical Scans

Recent Trading Ideas

Latest Partner Headlines

Stock Market

o Dow Jones 17,719.92 ▼78.57 (-0.44%)
o S&P 500 2,080.41 ▼9.70 (-0.46%)
o NASDAQ 5,108.67 ▼18.86 (-0.37%)

Dow Jones

Company ID [INDEXDJX:.DJI] Last trade:17,719.92 Trade time:4:34PM EST Value change:▼78.57 (-0.44%)

S&P 500

Company ID [INDEXSP:.INX] Last trade:2,080.41 Trade time:4:34PM EST Value change:▼9.70 (-0.46%)


Company ID [INDEXNASDAQ:.IXIC] Last trade:5,108.67 Trade time:5:15PM EST Value change:▼18.86 (-0.37%)

In The Wires

Copyright © 2013 All Rights Reserved.