Target Corporation(TGT) has rising momentum with an uptrend

(28-Jan-2008) (28-Jan-2008) Target Corporation(TGT) closed at 53.47, up 1.87 or 3.62 % for the day. Based on our analysis, Target Corporation(TGT) has rising momentum with an uptrend.

The closing price of Target Corporation(TGT) is above its 50 day moving average of 53.11 (Designated by blue line). This indicates that the trend is up. The MACD histogram(Gray bars on the bottom) above the signal line(Dark Red Line) tells us that Target Corporation(TGT) is gaining momentum. An uptrend with with rising momentum is a good omen for the stock. The MACD histogram crossed above the signal line on 9-Jan-2008, about 14 trading days ago.