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TGT on the Verge of Breakout and Upside Acceleration?


Let’s notice that the Target Corp. (TGT) has climbed above all of its 2014 rally peaks, including the Feb 28 high at 62.88, which clears the way for upside continuation that projects next to 64.00-65.00 on the way to 69.00-70.00 from a medium-term pattern perspective.

Nonetheless, I am raising my protective stops to 61.47 just in case the Fed throws investors a curve ball in the FOMC Statement tomorrow afternoon.

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