Are All-Time Highs Supported By Target?
C = Catalyst for a Stock’s Movement
Target operates general merchandise stores in the United States that offer household essentials, personal care, pharmacy, electronics, sporting goods, groceries, and family apparel. The company offers most of what consumers are looking for in one store that offers a quick and convenient shopping experience. As American consumers continue to look for discounted essentials in a central location, look for Target to continue its dominance.
T = Technicals on the Stock Chart are Strong
A quick look at Target’s long-term price chart sees the stock in an uptrend since its initial public offering in 1993. Of course, its run has slowed but that does not take away from the stock’s amazing run. Currently, Target stock is trading near pre-crisis levels which coincide with all-time highs in the stock. A convincing break above these price levels would leave little price resistance in sight for Target…