Target Corporation(TGT) is in an downtrend

(31-Mar-2008) (31-Mar-2008) Target Corporation(TGT) closed at 49.69, down -1.29 or -2.53 % today. Based on our analysis, Target Corporation(TGT) is in an downtrend.

The closing price of Target Corporation(TGT) is below its 50 day moving average of 52.51 (Designated by blue line). This indicates that the trend is down. The MACD histogram(Gray bars on the bottom) below the signal line(Dark Red Line) tells us that Target Corporation(TGT) is losing momentum. The loss of momentum in a downtrend confirms that the downtrend is intact. The MACD histogram crossed below the signal line today, let us see if it stays below.