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The TJX Companies, Inc. Dressed For Success



August 19, 2014 – Comments (0) | RELATED TICKERS: TJX

The TJX Companies, Inc. (NYSE:TJX) is trading sharply higher today after releasing earnings and raising its full year guidance. The company has been beaten up this year after reaching a high of $64.38 in January, then bottoming out in July just over $50.00. The stock will come into very solid resistance if it pierces the $59.00 level, as you can see from the gap fill in the chart below. Day Traders should be on watch for a decent pullback if it gets there.

Evan Poechman

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