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Stocks Showing Rising Market Leadership: Target Earns 81 RS Rating

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When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating . Target ( TGT ) is one stock that just reached the mark, now earning a score of 81.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of other stocks on the major indexes.

Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Target is working on a cup without handle with a 79.43 entry . See if the stock can clear the breakout price in volume at least 40% higher than normal.

The company posted -13% earnings growth in the latest quarterly report. Revenue rose 1%.

Target earns the No. 3 rank among its peers in the Retail-Major Discount Chains industry group. Costco Wholesale ( COST ) is the No. 1-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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