I am watching TGT and I feel like it is going ot go up like a rocket ship!
I Am watching TGT very closely and it has been hit hard lately for no apparent reason. It has tons of support at $52 level and alot of prfessionals and hedge funds are gladly buying this area. As soon as the option selling stops this morning, this stock could take of like a rocket ship. IT reminds me of JCP before it took off huge. Ackerman does have shares and can easily start talking REIT again and this will be a $70 immediately. See DDS and JCP and FO for similar action. Just sharing what I am hearing and seeing.
All kidding aside..big money is in this stock and well supported in $50 range. Rpt Fri should be fine. Market correction may keep a lid on too much stock price appreciation but does look like TGT is taking some market share.
Some tax refunds will help keep retail up for a bit longer.