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Target Sees RS Rating Rise To 74

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The Relative Strength ( RS ) Rating for Target ( TGT ) headed into a new percentile Monday, as it got a lift from 69 to 74.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

History shows that the market's biggest winners often have an 80 or better RS Rating as they begin their largest climbs. See if Target can continue to rebound and hit that benchmark.

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Target is trying to complete a cup without handle with a 79.43 buy point . See if the stock can clear the breakout price in volume at least 40% higher than normal.

Target reported -13% earnings growth in the latest quarterly report, while sales growth came in at 1%.

Target holds 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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