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Target's Stock Chart Predicts Higher Prices Ahead

The Street - 24 Sep 2015 15:02
NEW YORK (TheStreet) -- A pattern is repeating on the Target  daily chart that could propel the stock back up to this year's all-time high. The stock has had a good year so far, up 6% and outperforming the SPDR S&P 500 Retail ETF by 10%. But if the current pattern plays out the same way it did when it first formed, Target could add on an additional 6% to its year-to-date performance. The formation is a rising triangle, and it can been seen developing under horizontal resistance at the $80 lev...
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