TGT Attempts to Push Out of its Multi-Month Base Pattern

The Target Corp. (TGT) CEO unveiled some of his turnaround strategy, which is buoying the stock a bit this morning.

From a technical perspective, TGT is pushing up against important 6-week resistance between 61.30 and 61.65, which, if hurdled, should trigger upside continuation to test more substantial 2014 resistance at 62.60/90.

This will also complete a 9-month base formation for TGT.

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