Score 7.7 (out of 10): TARGET sets up for +8.8% rally in 2 months

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What’s Going On Here?

TARGET has triggered a new volatility signal (1 month). During similar occasions, TARGET shares had a median return of +8.8%, over the following 2 months – based on 10 historical occasions with 8 of those showing positive returns (80%). This buy signal for TARGET received a high score of 7.7 (out of 10). This insight was generated on 2023-April-10 with last price of 169.

TARGET is in the Retail-Discount business. Based on the last 2 years’ risk/return profile, this asset is seen as Very Risky. Ticker symbol: TGT US

Previous Signal Returns:

7.3% (January-2023), 1.7% (September-2021), 3.6% (June-2021), 18.4% (April-2021), 10.3% (November-2020), 27.5% (June-2020), -7.9% (November-2019), 19.5% (August-2019), 23.1% (May-2019), -8.2% (July-2018).

We found 2 months to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 183.87 (+8.8%) has been reached. Based on TARGET’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 164.7 (last price at 169), which is equivalent to a -2.5% decline.

Historical Chart:

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