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Nov 18, 2019 11:08 AM

$TJX looks a buy into earnings Long

TJX Companies, Inc. (The)NYSE

Description

Entry level $60 = Target price $64 = Stop loss $59
Our previous trade worked out perfectly so we must take another look as earnings approach.
Indicators are very bullish as earnings approach.
Volume is particularly encouraging.
Sentiment and fundamentals remain very strong as the consumer economy continues to thrive.
TLX much more resilient to the AMAZON effect than most retailers.
P/e Ratio 24.
Average analysts estimate $62. | Overweight. If earnings beat upgrades will follow.
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