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TARGET CORP
(TGT-NYSE):
Technical Viewpoint: From a low
of $54.68 on May 17, 2012 prices
rallied, reaching a
high of $59.40
on Jun 11, 2012. A
decline saw prices pull back, reaching a
low of
$56.70 on Jul 5, 2012.
Another rally saw prices penetrate
resistance, closing 7/13/12
at $61.95. Technicals: MACD Index (MACD): A Buy Alert!
was given on Jul 11, 2012 when the solid line crossed the dotted line to the upside.
Support: Remains at $55.00. Resistance: Is at None at current levels.
Point & Figure: Reversed to the upside on May 29, 2012. A P&F upside
reversal takes place at $58.00. Summary: Technical indicators have turned bullish. BUY! TARGET CORP
(TGT-NYSE) @ $62.13 Stop: Use a protective stop of $59.63.
TARGET CORP is currently trading @ $61.95 plus $2.07 on Jul 13, 2012. Price Objective:
$. Risk/Reward: $2.50 VS. $17.37. Today's Risk Reward Ratio: 7:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$
Risk/Reward:
$2.50 VS. $17.37
Risk/Reward Ratio:
7:1
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