The “Chart of the Day” is Target Corp (TGT), which showed up on Tuesday’s Barchart “52-Week High” list. Target on Tuesday posted a new 1-1/2 year high of $59.49 and closed up +2.05%. TrendSpotter has been long since May 25 at $57.26. In recent news on the stock, Target management on July 5 said that the company was on track to deliver Q2 sales and adjusted EPS in line with previous guidance. Target on June 13 raised its quarterly dividend to 36 cents from 30 cents per share. Target Corp, with a market cap of $38 billion, operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores.
How we found the Chart of the Day:
We found the “Chart of the Day” by scanning the Barchart “52-week Highs” page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart’s Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
- TrendSpotter: Buy
- Short-Term Indicators: 100% Buy
- Medium-Term Indicators: 100% Buy
- Long-Term Indicators: 100% Buy
- Overall Average 100% Buy
Chart of the Day provided by www.Barchart.com.
Barchart.com provides Financial Quotes, Charts and Technical Analysis for Stock and Commodity Traders.
