This is a momentum stock rating analysis for Target Corp. (NYSE:TGT) . The company has a two bull momentum rating which indicates some weakness. While the value investor may see an opportunity to scoop up the stock at lower levels, for now, the stock price is moving lower and may yet weaken further.
The momentum rating goes from one, the weakest upside momentum, to five, the highest upside momentum and focuses on the real-time stock price relative to various moving averages as well as moving averages relative to each other. Note the support and resistance stock price levels at the top of the table above. Also note the publication time, since the momentum rating is based on intraday stock prices.
TGT is down -16.2% over the last three months and down -7.1% over the last six months. The stock has returned -14.4% over the last year. The current stock price is $67.50.
Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average.
Target Corp. has a two bull (momentum weakness) technical rating because it’s trading below the 10 day , 50 day and 200 day simple moving averages. The fact that the 50 day moving average is above the 200 day moving average (“golden cross”) does bring the technical rating up from the lowest rung.
The general theory behind momentum ratings follows the line of thought that as stock prices rise or fall abruptly, they appear on various scan results and that creates a reinforcing trend for the stock price in a direction. It’s a mix of art and science, but for the technically focused trader it can be a powerful input to the overall analysis.
Target Corp. (NYSE:TGT) Momentum Stock Rating Stats:
- 10-day moving average: $68.7
- 50-day moving average: $77.2
- 200-day moving average: $75.8
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