When Target ($TGT) Moves Investors should Listen
September 14, 2023, 13:45 pm ET, BY Barry C.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for TGT
- Buy TGT slightly over 121.34 target 134.90 stop loss @ 120.99 Details
The technical summary data tells us to buy TGT near 121.34 with an upside target of 134.90. This data also tells us to set a stop loss @ 120.99 to protect against excessive loss in case the stock begins to move against the trade. 121.34 is the first level of support below 124.62 , and by rule, any test of support is a buy signal. In this case, support 121.34 would be being tested, so a buy signal would exist.
- Short TGT slightly under 134.90, target 121.34, stop loss @ 135.29 Details
The technical summary data is suggesting a short of TGT as it gets near 134.90 with a downside target of 121.34. We should have a stop loss in place at 135.29though. 134.90 is the first level of resistance above 124.62, and by rule, any test of resistance is a short signal. In this case, if resistance 134.90 is being tested, so a short signal would exist.
Swing Trading Plans for TGT
- Buy TGT slightly over 126.38, target 134.90, Stop Loss @ 126.02 Details
If 126.38 begins to break higher, the technical summary data tells us to buy TGT just slightly over 126.38, with an upside target of 134.90. The data also tells us to set a stop loss @ 126.02 in case the stock turns against the trade. 126.38 is the first level of resistance above 124.62, and by rule, any break above resistance is a buy signal. In this case, 126.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TGT slightly near 126.38, target 122.60, Stop Loss @ 126.74. Details
The technical summary data is suggesting a short of TGT if it tests 126.38 with a downside target of 122.60. We should have a stop loss in place at 126.74 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 126.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for TGT
- Buy TGT slightly over 126.38, target 134.90, Stop Loss @ 126.09 Details
If 126.38 begins to break higher, the technical summary data tells us to buy TGT just slightly over 126.38, with an upside target of 134.90. The data also tells us to set a stop loss @ 126.09 in case the stock turns against the trade. 126.38 is the first level of resistance above 124.62, and by rule, any break above resistance is a buy signal. In this case, 126.38, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short TGT slightly near 126.38, target 123.18, Stop Loss @ 126.67. Details
The technical summary data is suggesting a short of TGT if it tests 126.38 with a downside target of 123.18. We should have a stop loss in place at 126.67 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 126.38, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Target (TGT) available here: TGT.
TGT Ratings for September 14:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Weak |
| P1 |
0 |
0 |
121.34 |
| P2 |
121.70 |
122.60 |
134.90 |
| P3 |
123.18 |
126.38 |
148.71 |
AI Generated Signals for TGT
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Target (NYSE: TGT) report below is a real world example. Included are trading plans for TGT, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for TGT:
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