Nearest Resistance: $61
Nearest Support: $57.50
Catalyst: Q4 Earnings
Last up is Target (TGT), another retail name that's getting attention thanks to a fourth-quarter earnings release. Target is up 7.5% in this afternoon's session, after earnings for the quarter came in better than expected at 81 cents per share. Investors had been bracing for the worst because of the firm's data breach in 2013, and while the breach did impact performance, it was far from a worst case scenario.Today's big move is taking shares up to test resistance at $61, the neckline level from a head and shoulders top that propelled TGT lower back in January. So while today's move is a relief for shareholders, it's a little early to get excited about buying shares again. The buy signal comes on a breakout above $61. To see these stocks in action, check out the at Most-Active Stocks portfolio on Stockpickr. -- Written by Jonas Elmerraji in Baltimore.
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