$TGT before-earning Wide range from 75 to 140. Long above 114 Good bullish setup before earning reports . indicators showing 50-50% signals and RSI will test down/up trend on Monday-Tuesday . Recent support at 107 and resistance is previous top at 114 breaking any of them will lead to further move . On large scale we can see 140 still is reasonable goal supported by strong growth and good earning report. from other side , we have big gap below above 70s and perhaps will pulled-back to to close these gaps after longs targets achieved
TGT trade ideas
Target earnings release comingFrom the technical perspective, RSI currently indicates a magnitude of 61,52, slightly starting to lean towards the overbought side and a possible breakout again at 70, whereas MACD in the following days shows a golden cross triggering a buy signal at 112-124 $. In regards to past performance of a stock price, from 2018, January until 2019, August the stock traded between 64,89 $ and 90,17 $ levels, but then on 20 of August 2019 surged an increase about 19% in price due to strong Q2 release results. Right now, there is a lack of data to draw meaningful entry positions since the stock has been trading mainly sideways starting from 20. August. However, our recommendation would be to enter a long position within a range of 110.39 (expected bottom) and 112.00 (expected up-verse trend).
TGT - DAILY CHARTHi, today we are going to talk about the Target Corp and its current landscape.
Target today it's poised to gain the attention of the market in sympathy to the Walmart that yesterday has disclosed better than expected earnings, a delightful surprise for investors that were worried by the impact of the Trade War tariffs over the retail corporation. Walmart also raised its EPS guidance forecasted for the next year. The news is positive for the American retail sector and as an economic indicator of the U.S consumer potential, which signals a healthy environment for the economy that nears the consuming holidays like the Black Friday, Cyber Monday, and the Thanksgiving Day. Even the U.S President has cheered the good earnings.
"Walmart announces great numbers. No impact from Tariffs (which are contributing $Billions to our Treasury). Inflation low (do you hear that Powell?)!" - Donald J. Trump
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$TGT Target may be better value than WalmartEarnings approach for Target and today's great numbers from Walmart may have just given us a glimpse into whats in store.
Today's selloff in Walmart may be attributed to a bit of rotation in to TGT which has a much better valuation with a 18 P/E in comparison to WMT with a 27 P/E.
Of
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
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.
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%
TGT Bull flag on weeklyTGT bull flag, may adhere to the pattern however it may sell off first in order to move higher.
Price was 2.18
EXP Oct 25
Spread is 110/116 6 points wide
Target is $191 profit/ $4.09 is option price at exit.
Exit price will be $163 which would be taken week of October 14-18 and cannot be done before then.
Perhaps this trade will flop but we'll see. It looks decent.
TGT shorts could pay offTarget had big earnings boost with big gap up play. RSI getting way over extended, and its pulled away from the EMA's a good deal. I like this as a short position as well. Also looking for entry confirmation off 30m chart for a short swing as well as walmart. Keep on eye on what SPY is doing for these two.