Strategy published on : 10/12/2017 | 15:00
long tradeStop-loss triggered
Entry price : 72.4$
Target : 76$
Stop-loss : 70.8$
Potential : 4.97%
TJX Companies Inc shares are locked into a trading range. This phase will eventually have to end with a return of a clear trend.
Investors have an opportunity to buy the stock and target the $ 76.
● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● Historically, the company has been releasing figures that are above expectations.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
● The underlying tendency is negative on the weekly chart below the resistance at 73.74 USD