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Sensei
Nov 16, 2015 5:24 PM

TGT Short

Target CorporationNYSE

Description

Retail sector has been taking a pounding for weeks on end. TGT looks be also breaching a pretty decent support level around 72 as well as what looks to be a distribution phase. Definitely looking for this downtrend to continue down to the 59-55 levels as a profit target. The gap between 68 and 70 may a small issue on the way down but if we clear that it should be smooth trending.
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