Target Looks Like It Could Play Catch-Up

This has been a week filled with resolute bulls. Drops in the market have been measured in hours on the worst occasion. I'm trying to focus more on names that I believe could play some catch-up to the overall market or peers. Target (TGT) fits that description for me. A big name, solid, not going anywhere soon, but one that has underperformed. 

Target appears to be breaking out higher today. We have a solid floor around $63 and if I'm a put-seller type of person, then I'm likely selling something in the $62 to $63 range a few months out and stopping if we break through $61. I'm more focused on the potential upside here as I think we could see a gap fill, which gives me an upside target in the $69 to $70 range. ...185 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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