Target Starts Lower. Watch This Level For A Bullseye
Target Corp.(NYSE:TGT) is starting the morning by trading lower on the session. The stock is lower by 0.69 cents to $55.05 a share. Target Corp. stock has been under pressure since the start of the first trading day of 2011. Often most retail stocks will struggle in the month of January and that certainly looks to be the case with Target Corp. and other major retail stocks. Target Corp. will have intra-day support around the $54.50 area. This is a level where scalp traders can look for a small bounce in the stock.