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Jim Van Meerten
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Jim Van Meerten is an advisor to Marketocracy Capital Management and writes on financial subjects here and on Barchart Portfolio Blogs and Seeking Alpha. He earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and... More
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  • Target - TGT - Barchart Chart Of The Day 0 comments
    Jul 11, 2012 8:19 AM | about stocks: TGT

    Barchart.coms Chart of the Day - Target Corp (NYSE:TGT)

    Barchart Research Team - BC - Tue Jul 10, 6:43PM CDT

    Related Stocks
    TGT - Target Corp.

    Sym Last Chg Pct
    TGT 59.23 +1.19 +2.05%

    The "Chart of the Day" is Target Corp (TGT), which showed up on Tuesday's Barchart "52-Week High" list. Target on Tuesday posted a new 1-1/2 year high of $59.49 and closed up +2.05%. TrendSpotter has been long since May 25 at $57.26. In recent news on the stock, Target management on July 5 said that the company was on track to deliver Q2 sales and adjusted EPS in line with previous guidance. Target on June 13 raised its quarterly dividend to 36 cents from 30 cents per share. Target Corp, with a market cap of $38 billion, operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores.

    (click to enlarge)tgt_700

    How we found the Chart of the Day:

    We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.

    The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

    • TrendSpotter: Buy
    • Short-Term Indicators: 100% Buy
    • Medium-Term Indicators: 100% Buy
    • Long-Term Indicators: 100% Buy
    • Overall Average 100% Buy

    Barchart links for further information:

    Quotes and Charts
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    Technical Analysis
    Technicals Summary
    Trader's Cheat Sheet™

    Barchart Opinions
    Barchart Opinion
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    Company Info
    Company Profile
    Key Statistics
    Income Statement-Quarterly
    Income Statement-Annual
    Balance Sheet-Current
    Balance Sheet-Annual

    Chart of the Day Archive

    View Past Chart of the Day Reports

    Stocks: TGT
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