Target operates in the consumer staples sector, and its charts have been among the best for a long time. Frankly, the fees of the major retailers were uneven, but Target announced its earnings in mid-August, and that's what happened after this big price move, and we saw important updates after the earnings announcement, and then from there. The price dropped slightly.
TGT
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Well, I chose a completely different sector. I'm going to talk about a stock in the retail sector, and I don't think this will surprise anyone who follows this field. I will talk about " Target," or as some of us affectionately call it, " Target."
Target is the eighth largest retailer in the United States, and has been built over more than a century into a chain of approximately 2,000 stores.
Um, Target is another one that we've highlighted recently, and that's the one that we're showing here uh today. This is one of those charts that just continues to impress.
I would say a chart-like target strikes me as innocent until proven guilty. Right? We're in a primary uptrend, an accumulation phase of higher highs and higher lows. We're above upward sloping moving averages.
The RSI is is consistently in the bullish range and the relative strength has been fantastic over the last three months, right? Look at the end of May to wear out the end of August.
I mean, three fantastic months of outperformance, particularly in July and August.