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Target Gets Shot Down

Jan. 05, 2011 10:44 AM ET
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 This morning the leading retail stock Target Corp.(NYSE:TGT) is declining lower by $1.29 to $58.70. This stock is pulling back from a recent 52 week high made two sessions ago at $60.97. Target will have short term intra-day support around the $58.50-$58.30 area. The stock could see a small intra-day bounce around this area.

Walmart Stores Inc.(NYSE:WMT) is also trading lower this morning by just 0.25 cents to $54.52. Walmart Stores are the biggest competitor to Target Corp. Walmart will have intra-day support around the $54.50 and $54.25 levels.


Nicholas Santiago

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