TGT has reached a resistance point, and revenue/EPS growth has gone negative this year. It's got a little debt but not being a growth company like many have speculated it is, is my fundamental catalyst for shorting this.
From a technical standpoint it also looks like a good risk/reward to be short this stock.
There is a large gap from earnings that needs closing as well. Those would be price targets if you decide to take this trade.
Cheers
From a technical standpoint it also looks like a good risk/reward to be short this stock.
There is a large gap from earnings that needs closing as well. Those would be price targets if you decide to take this trade.
Cheers
Comment:
I will be stopped out above $136. I've made better calls in my time posting on TD. Can't always be right I guess.
Comment:
There is a small gap at $146. I would watch for a potential reversal there, but mostly depends on what the overall market is doing.
