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Target reached all-time highs

Published: October 16th, 2020 - 7.58pm EDT

Today's fresh highs come after reaching other 4 highs in the last few days. Today Target Corporation ($TGT) did it again and price closed at $164.92 merely moving a -0.33%; new all-time highs are set at $167.25.

Today, Jefferies Financial Group posted a hold rating. The recommendations issued by financial analysts are not a buy or sell advice for small traders, so it is not appropriate to follow them blindly.

Since last April, Target has been drawing an uptrend that so far marked an amazing 84.78%. During this uptrend, the price provided some entry points on the breakouts. Latest low was in early September, when price bounced at $143.38. Target broke out above $156.10 (its last top) on September 28. That breakout was a good entry point

Target Corporation operates as a general merchandise retailer in the United States. The company offers food assortments, including perishables, dry grocery, dairy, and frozen items; apparel, accessories, home décor products, electronics, toys, seasonal offerings, and other merchandise; beauty and household essentials; The company also provides in-store amenities, such as Target Café, Target Optical, Starbucks, and other food service offerings. It sells its products through its stores; and digital channels, including Target.com.. The stock is part of the Discount Stores industry in the Consumer Defensive sector. The company employs 368,000 people worldwide and it's based in Minneapolis, United States. Find further details at its corporate website at http://corporate.target.com.

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