Are All-Time Highs Supported By Target?

| + More Articles
  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

With shares of Target (NYSE:TGT) trading around $66, is TGT an OUTPERFORM, WAIT AND SEE or STAY AWAY? Let’s analyze the stock with the relevant sections of our CHEAT SHEET investing framework:

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.

The stock market is roaring back in 2013. Click here now to discover winning stocks!

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…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business