Target Corp. (TGT) is the 'Stock of the Day' at Real Money today. The retailer posted stronger-than expected third quarter earnings before Wednesday's market open, and raised its full-year profit guidance.
In this daily chart of TGT, below, we can see that prices gapped to the upside making a new high for the move up. Prices were giving a bullish clue as they traded sideways to higher from late August. Prices are back above the rising 50-day moving average line.
The 200-day moving average line is also pointed up and well below the price action. Trading volume did not shrink the past two months which suggests that traders and investors have remained active in the weeks leading up to this earnings release.
The On-Balance-Volume (OBV) line followed the price action since late August.
The Moving Average Convergence Divergence (MACD) corrected down to the zero line but should now turn upwards for a fresh outright buy signal.