Target ($TGT) Weekly: Like many of its peers in the industry, Target is trying to find direction and support after the Amazon news on acquiring Whole Foods, as well as the general weakness in the retail sector. Although it appears to be a more favored stock over, say a stock like Walmart, mainly because it’s been beaten up for a year as the retail sector struggles, and some view it as a bargain at these levels, I still think that this is headed to find support at the $45 level, perhaps leading in to its earnings in mid August. It has hit the lows of around $50 and added a couple of bucks since then, and it may look to test that 50 day moving average resistance at around $55, I think the long term magnet is to the historically important $45 level in the next few weeks, if not months. Monthly view remains to show more room to the downside to come before the stock is solidly in oversold territory.