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Target Corporation

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TGT trade ideas

TGT - Poor Retail - Poor R/R RatioThe poor retail sector, TGT you looked so good before, lapping WMT , chasing AMZN , but then the 'rona. TGT still has great long term potential, current Mr Market is pricing in a -1%YoY growth rate on DCF to get to a $121 price point, 0% gets you $131, and current EBIT valuations have you around the $94/98 point. This should lag in the tight zone till earnings . If we get a "bad" number, let it sell-off, look for the $110/100 point, and pick up a few shares knowing that the world is not coming to an end. Really poor R/R ratio right now before earnings (~0.5), but when you get past earning with a nice drop you can turn that into a number in the ~3.5 to 7 range. Technicals, charts, VOLUME! and fundamental analysis = how to stay in the market.
NYSE:TGT
by kocurekc
TGT BUY OR LONG , TARGET UP TO $150 TGT will confirm the triangle pattern at $125, the triangle pattern for the target to $135 but the resistance is at $130 and if it breaks past the old peak of $130, TGT will have a chance to touch $150. - Price is above support 1d (MA200) - MACD supports the new rising trend - Volume is awaiting confirmation => Offer to buy in two zones ($125 + $131) at a rate of 50% + 50% <=> ($125 +$131) = price average $128 => Stop loss : 10% => Target $150 Wish you good deals!
NYSE:TGTLong
by VictorStone99
3
Earnings Play for TGTI grabbed in the money options before the breakout. weekly close above 123 confirms move. Target $132. In the money options help against theta decay but cost more up front. This is an earnings play. options that expire August 21 or 28 have lowest theta. Risk/Reward is 3.00 stop loss is low 119's. So long as weekly close is above 123, the 119 stop loss is reasonable. if this falls back into the wedge you can add another call around 116 and set a different stop loss, but the safer play is playing the breakout with confirmation. there were 2 hourly candles that close above the resistance along with strong bull volume on the last 2 hour candle.
NYSE:TGTLong
by UncleBeeB
$TGT RUN! ($WMT $COST )see full chart at www.tradingview.com TGT Entry $117.84 Target $122 stoploss $116 Why this play? TGT had an amazing ER last quarter and a strong forecast ahead. They are a strong company with an amazing website, easy to order and trendy. this company performed really well during Corona and i wouldn't be surprise to see them hit ATH again. Target Q1 Comparable Sales Grew 10.8%, Digital Comparable Sales Grew 141% First quarter comparable sales grew 10.8 percent, driven by a 12.5 percent increase in average basket, as guests made fewer, bigger shopping trips. Store comparable sales increased 0.9 percent. Digital comparable sales grew 141 percent, accounting for 9.9 percentage points of Target's comparable sales growth. Digital comparable sales accelerated every month in the quarter, from 33 percent in February to 282 percent in April. Stores fulfilled nearly 80 percent of Target's first-quarter digital sales. Same-day services (Order Pick Up, Drive Up and Shipt) grew 278 percent and accounted for approximately 5 percentage points of total Company comparable sales growth. What is TGT Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home decor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Cafe, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com.
NYSE:TGTLong
by WallSt007
Target: Volatility Squeeze and a Golden CrossBig-box retailer Target has been amazingly stable for the last two months. It’s squeezed into a triangle on either side of $120, lurking below its 2019 high of $130.24. During that time, its 50-day simple moving average (SMA) rose up and above the 200-day SMA. That kind of “Golden Cross” can signal longer-term momentum is turning more bullish. TGT also has some fundamental reasons to pause. In recent years, CEO Brian Cornell spent heavily on digital transformation. This succeeded in terms of moving shoppers to the Internet and helped boost store traffic. However the last two quarters have seen product mix veer sharply toward lower-margin products (like food over toys, apparel and electronics). Some of those headwinds could fade now that inventories have been written down and the U.S. economy staggers toward reopening. Now could be the time for margin expansion, as shoppers start perusing aisles again and the years of IT spending pay off. This creates an interesting risk/reward in TGT. Its tight range creates the potential for gains to accelerate as price action widens and earnings approach on August 19. (Notice extremely tight Bollinger Band Width).
NYSE:TGTLong
by TradeStation
1