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Thursday, June 02, 2005

Update: Live Action: Long Target Corp (TGT)

Target Corp (TGT) has performed very well during the last days, shares closed at $54.65 (+1.52%; +0.97% profit from the position currently) today. I will raise the hard stop to $52.90. In addition I will place the soft stop around $54.05, if TGT should fall down to this level, I will keep close eye on the stock to take any necessary action.

TGT is a classical break out, but there is always a possibility in these situations that the shares may fall back to the previous resistance ($54, $53, $52) before heading to new highs. Therefore, I keep my eye on Target if any of those should levels should be hit.

Stock Chart: Target Corp (TGT)
Chart courtesy of StockCharts.com.

See also:
Live Action: Long Target Corp (TGT)

1 Comments:

Anonymous PENNY STOCKS said...

Target is off target.

12/03/2012 01:44:00 PM  

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