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Big Money Buying $TGT At This Price After Earnings Miss

Shares of Target Corporation (NYSE:TGT) collapsed on Tuesday after the company missed hitting earnings estimates and warned their outlook was not as rosy as Wall Street expected. The stock took a nose dive, trading as low as $57.30 in early trading. Investors are scrambling to find a major buy level. Smart money has already found it. In early 2014, Target Corporation traded as low as $55.00. This represents a technical double bottom on the stock if the current price falls into it. This would be a major support level and exactly where smart money will start accumulating shares of Target Corporation.

Stock chart technical analysis reveals buy on Target Corp