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TARGET CORP
(TGT-NYSE):
Technical Viewpoint: From a low
of $45.18 on Aug 9, 2006 prices
rallied, reaching a
high of $50.40
on Aug 17, 2006. A
decline saw prices pull back, reaching a
low of
$46.35 on Aug 25, 2006.
Another rally saw prices penetrate
resistance, closing 9/8/06
at $50.56. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Aug 31, 2006 when the Histogram crossed the "0" line to the upside.
Support: Remains at $47.75. Resistance: Is at $53.30.
Point & Figure: Reversed to the upside on Sep 8, 2006. A P&F upside
reversal takes place at $47.00. Summary: Technical indicators have turned bullish. BUY! TARGET CORP
(TGT-NYSE) @ $50.88 Stop: Use a protective stop of $48.38.
TARGET CORP is currently trading @ $50.56 plus $1.88 on Sep 8, 2006. Price Objective:
$61.00. Risk/Reward: $2.50 VS. $10.12. Today's Risk Reward Ratio: 4:1
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Three Part
Technical Chart
Daily Candle Stick Chart
Point & Figure Chart
Technical Study
View full size chart
Price Objective:
$61.00
Risk/Reward:
$2.50 VS. $10.12
Risk/Reward Ratio:
4:1
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