Morning chart- TGT in Squeeze!

Gary Kwapik

Morning chart- TGT in Squeeze!

By Gary Kwapik — Author

Hello Everyone,

Target (TGT) is currently in a squeeze pattern here with earnings due on Feb 25th. Weekly chart shows a recent basing action or possible cup and handle.

Daily volume is somewhat subdued but the Williams A/D line shows some accumulation.

IV is may be moving up ahead of earnings so be aware of more expensive option premiums. Strong sales growth and a strong 4th quarter may be a bullish reason to bullish on this stock.

Tickers: TGT

Posted to Stock & Option Scout on Feb 19, 2015 — 9:02 AM

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Gary Kwapik