TGT: Big box retailer holds 50-day MA two weeks before earnings
Target (TGT) is one of top performers in the S&P 500 in 2019, up more than 65% YTD.
It's been a classic innovation story, with new services like same-day delivery driving growth. And now the next earnings report is in exactly two weeks. In another little noticed story, TGT is also teaming up with Walt Disney (DIS). Will that drive traffic into the holidays, especially with the Disney+ streaming service going live next week?
TGT made a new all-time high in late October and then eased back to its 50-day simple moving average. That line held and now it's back above the faster-moving 8-day exponential MA. Will it break out through the $110.50 high from last week? Traders will be watching.
TGT
DIS
It's been a classic innovation story, with new services like same-day delivery driving growth. And now the next earnings report is in exactly two weeks. In another little noticed story, TGT is also teaming up with Walt Disney (DIS). Will that drive traffic into the holidays, especially with the Disney+ streaming service going live next week?
TGT made a new all-time high in late October and then eased back to its 50-day simple moving average. That line held and now it's back above the faster-moving 8-day exponential MA. Will it break out through the $110.50 high from last week? Traders will be watching.
TGT
DIS
