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TGT trade ideas

TGT: Big box retailer holds 50-day MA two weeks before earningsTarget (TGT) is one of top performers in the S&P 500 in 2019, up more than 65% YTD. It's been a classic innovation story, with new services like same-day delivery driving growth. And now the next earnings report is in exactly two weeks. In another little noticed story, TGT is also teaming up with Walt Disney (DIS). Will that drive traffic into the holidays, especially with the Disney+ streaming service going live next week? TGT made a new all-time high in late October and then eased back to its 50-day simple moving average. That line held and now it's back above the faster-moving 8-day exponential MA. Will it break out through the $110.50 high from last week? Traders will be watching. TGT DIS
NYSE:TGTLong
by TradeStation
2
Potential of bullish signalsThere are two potential bullish signals that can be found in TGT. They are flag pattern and MACD bullish crossover. Firstly, the candle stick shows that it is a flag pattern, which the price surged around 20% previously, and then create a channel afterward. According to the diagram, the channel is apparently shown and established. There is a potential to break through. Under my prediction,once the break-through (approximately $111) happens, it is a BUY signal and the target price will be $128. Meanwhile, we can also take a look at the MACD indicator. It is clear to see that MACD has a great potential to cross which is a bullish crossover. It is necessary to wait for a confirmation. Once the signal confirms, it is a BUY signal.
NYSE:TGTLong
by TOMMY16320HO
1
Target given a lofty $130 upgrade By Raymond JamesRaymond James analyst Matthew McClintock initiated Target (TGT) with a Strong Buy rating and $130 price target. In a research note titled 'Targeting the Retail Apocalypse Bears and Winning,' McClintock said that Target is "well positioned to take market share" from weaker retailers, and sees annual EPS growth of high-single-digit to 10% for the retailer going forward. The analyst also noted that Target, through its Shipt acquisition, has same day delivery, beating Amazon's (AMZN) next-day delivery. Source the fly. Average analysts price target $112 Average analysts recommendation Overweight P/E ratio 17.85 Yield 2.45% Short interest 3.89%
NYSE:TGTLong
by Bullishcharts
Target: Overextended Post-Earnings; Sell After Double PeakTarget surprised with solid earnings, as did similarly, Walmart. However these two behemoths in the retail sector represent minor happiness in a brutally decimated sector in retail. Due to the trade escalation, I believe Target will decrease more to the downside, particularly after being heavily overbought and overextended. However, always watch for the double peak and re-test of the high. In this case, I believe the 2nd peak will be slightly lower than the first but there is a slight possibility it forms of a double peak around 109.50. At this point I recommend investors hold until the 2nd peak re-test and from there I recommend you sell at-least 60-70% of your holdings as there will be a low chance Target surpasses 112-115.00. Waiting for the 2nd peak re-test will be your best chance for the highest possible profitability. - zSplit
NYSE:TGTShort
by PaulDeep19131