TJX Companies Inc
TJX
Delayed Nyse - 12/15 10:04:24 pm
74.17USD
+1.02%

The calm spell can be taken advantage of to put on new positions

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Anas Lozach
Analyst

Strategy published on : 10/12/2017 | 15:00

long trade
Stop-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.
Summary

● 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.


Strengths

● 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.


Weaknesses

● The underlying tendency is negative on the weekly chart below the resistance at 73.74 USD

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