Going from cheap to cheaper with discount retailer Target corp

One of the largest discount retailer, Target Corp. (TGT) is in downtrend mode as indicated in the moving averages. Another round of selling may be in the books after it failed in it’s attempt to break the previous high of $61.63 established at the end of July. Traders should set their entry price to short-sell at the previous closing price at $60.07 or higher. Stop loss level to be set $61.64. Profit target level can be at $55.15 but be sure to take some partial profits off the table when the price goes in favor of the trade to around $57.00. Read about this article on SharesInv