TGT reports before the bell WednesdayTarget reports earnings before the bell Wednesday. Data breach dec 19th, fired ceo, customers lost, effects .70 estimate? Walmart disappoints with their earnings and forward guidance. Have not decided yet what to do, if anything, but if they disappoint, some well placed put options could reward Wednesday, and if the markets slide down this week, which my radar says may happen. $$$
DYH trade ideas
TGT Long WeeklyTarget recently completely redid their company security structure and the
market responded buy heavy buying confirmed with heavy volume and a huge reversal bar on the weekly..
I look for continued buying as the bears over did it.. Target is extremely well
run however like any major company is subject to a gaff in operations. I remember the new Coke in the
1980's and how Coke fought its way back for huge gains after that debacle. Any dips should be bought and
I look for TGT to retest its highs long term Target has a unique nich in how they market products particularly to younger shoppers in their sector
TGT Short weeklyTarget is clearly bearish and I look for support around 59 bucks which is the Kijun on the Monthly Ichimoku.
They guided lower for 2014 and with the credit card mess this target is likely to be hit. Any rally on the daily should be sold. XRT is under performing as well.
This is a good example of a great company making a huge mistake. Like Coke in the 1980's with new Coke which was a utter disaster. They are well managed so I look for buyers to step in at some point though and it will be a great long
TARGET IS WAY OVERSOLD!!!!Target is oversold and at a discount price. It is in a long uptrend on the weekly chart butit is in one of the valleys right now. This is a great buying opportunity with minimum risk and high reward.
Notice that both the MACD and RSI are showing a bullish divergence. This means that their lows are lower even though the stock's lows are higher.
I wouldn't think it crazy for a target of 78.
Before market close 9/12/13
HAPPY TRADING!!!
PAIRS: GOOG and TGT (again)It's very interesting to see just how similar these two stock charts are.
It's hard to tell which one is which and yet they couldn't be more different.
Good old fashioned retail sales and good new fashioned high tech and yet they are moving to the beat of the same drummer.
I've pointed out this pair before and hope some of you have made some money buying TGT versus being short GOOG.
Hope we can graph ratios in the near future so you can see just exactly what the return would be by going long TGT and short GOOG at times when it is opportunistic to do so.
Cheers.
Tim
4:15PM Tuesday, April 9, 2013 (Eastern Standard Time, Market is closed)