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Stock Chart Buy Level On $TGT

Retail is a tough sector to invest in right now. Poor earnings from countless retails make it look like the bottom will never be put in. However, all smart investors know that the best of breed retailers should be accumulated at the steep discounts they are trading at. One of my favorites is Target Corporation (NYSE:TGT). This is definitely a best of breed retailer, one of the larger players in the space. Based on technical chart analysis, there is a huge support level at $55.00. This is a retrace of the recent move and a pivot high retest from late March 2017. I am an interested buyer of Target Corp at $55.00. The move should actually be another leg up, taking out recent highs. I have an upside target of $67.00.

Bullish investor chart buy on Target Corporation shares