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April 20, 2021, 7:40 p.m. EDT

Using the Action in Target $TGT to our Advantage

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Apr 20, 2021 (Stock Traders Daily via COMTEX) -- Our job as investors is to pay attention to the stocks we own. Part of that involves looking at the fundamentals, but half of the disclosure comes from looking at price action. The Target /zigman2/quotes/207799045/composite TGT -2.24% data table below can help you with price action, and we have more details too. Trading plans for TGT are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for TGT help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TGT Report.

The technical summary data tells us to buy TGT near 204.33 with an upside target of 215.69. This data also tells us to set a stop loss @ 203.74 to protect against excessive loss in case the stock begins to move against the trade. 204.33 is the first level of support below 207.27 , and by rule, any test of support is a buy signal. In this case, support 204.33 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of TGT as it gets near 215.69 with a downside target of 204.33. We should have a stop loss in place at 216.31though. 215.69 is the first level of resistance above 207.27, and by rule, any test of resistance is a short signal. In this case, if resistance 215.69 is being tested, a short signal would exist.

COMTEX_384782612/2570/2021-04-20T19:39:51

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/207799045/composite
US : U.S.: NYSE
$ 209.24
-4.79 -2.24%
Volume: 3.28M
May 11, 2021 4:02p
P/E Ratio
24.20
Dividend Yield
1.30%
Market Cap
$106.50 billion
Rev. per Employee
$228,756
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