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Target (TGT) Upgrade Alert, Watch for 16% Technical Uptrend Continuation

Oct 28, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Target Corp. (TGT)

Target (NYSE:TGT) upgraded to Buy from Sell, $61 target, at Citigroup. The stock closed yesterday at $48.45 on volume of 6,505,300 shares, below average daily volume of 8,028,418.

Target is currently above its 50-day moving average of $47.54 and above its 200-day moving average of $39.49.

SmarTrend is bullish on shares of TGT and our subscribers received an Uptrend alert on July 23, 2009 at $41.78, which has returned 16% to date.

Write to Chip Brian at cbrian@tradethetrend.com

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News Provided by COMTEX

Company: Target Corp. (TGT)


Related terms: market, nyse, securities

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