Target Corp.(TGT) has rising momentum with an uptrend

(29-Apr-2008) (29-Apr-2008) Target Corp.(TGT) closed at 54.1, up 0.16 or 0.3 % for the day. Based on our analysis, Target Corp.(TGT) has rising momentum with an uptrend.

The closing price of Target Corp.(TGT) is above its 50 day moving average of 52.51 (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 Corp.(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 25-Apr-2008, about 4 trading days ago.