This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

5 Charts Showing a Year-End Stock Bounce

The TJX Companies

With Black Friday well underway, it's no surprise that The TJX Companies (TJX - Get Report) is getting attention today. The $32 billion off-price apparel retailer has been in rally mode lately -- and it looks like enough to break the downtrend that's been holding share price under for the last couple of months.

The price pattern at work in TJX is a double bottom, a setup that's identified by two swing lows that occur roughly around the same level. A breakout above the intermediate peak that separates them is the buy signal for shares. For TJX, that breakout happened on Monday, shoving shares through the breakout level with little trouble. While this stock's price is still below downtrend resistance right now, it's close to a breakout above that red dashed line too -- a move that would indicate the start of a new uptrend.

For TJX, I'd recommend waiting for the breakout above trendline resistance. Even though the double bottom signaled a buy, this stock has already achieved most of that upside. The resistance break is a more long-term price move to grab onto. And for more Black Friday names, check out 5 Retail Trades for Black Friday.
3 of 6

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
AAPL $93.74 0.00%
CAT $77.72 0.00%
CCI $86.88 0.00%
GS $164.11 0.00%
TJX $75.82 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs