I am a big fan of Target, and I feel very comfortable opening up a large position. I felt like I missed my shot this time last year when the stock eventually reached the upper $200’s. Now that has come down below $200, it’s definitely back on my watchlist.
When I look at the chart, I see a death cross coming and what could be a continuing downward trend, possibly into the $160 range and hitting a new 52 week low. Meanwhile, I only see good news, at least news that I think is good and that makes me want to invest.
What are some of the bear, and for the sake of argument, bull cases for Target?
Leave a Reply