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Target (TGT) Stock Price Breaking Down?

April 10, 2012 Leave a comment

Looks like the Target (TGT) stock price is breaking down. Here is the TGT 1-year stock price chart.

Target TGT 1-year stock price chart

Target TGT stock has been overbought recently

It appears that the TGT stock price is moving from a overbought status as demonstrated by the channel in the bottom chart. Whether this will continue is unknown, but it seems likely.

Now, let’s look at the TGT 5-year stock price chart.

Target TGT 5-year stock price chart

Target TGT stock price may not reach much higher

It appears that around the $60 level, TGT has difficulty breaking through. Also, for the past several years, TGT appears overbought. At these price levels, I don’t think I would be looking to purchase TGT as it does not appear to have much room to rise, and may – in fact – fall more in price.

Disclaimer: The above is for informational purposes only. This should not be considered investment advice. Any investment decisions are your own and should be made after conducting your own independent research and / or in consultation with a professional investment advisor. 

Target Chart (TGT)

March 19, 2012 1 comment
Target chart breaks to upside

Lots going on with this TGT chart

This chart of Target (TGT) is a little busier than I would have liked – lots of information packed in there.

The main features are:

  • An ascending Andrew’s Pitchfork
  • A descending Andrew’s Pitchfork
  • Price falls out of ascending Andrew’s Pitchfork
  • Price falls below trigger line
  • Price breaks out of descending Andrew’s Pitchfork to the upside
  • Price breaks above trigger line

The TGT price is also far above the support line drawn over toward the far right of the chart.

Looks like, at least for now that the trend is up although, today, TGT has been falling slightly.

Disclaimer: None of the above is considered to be trading advice. Didn’t your mother tell you not to surf the Internet looking for stock picks. I am not a registered financial anything. The above should be considered for informational and entertainment purposes only.