Score 8.9 (out of 10): TARGET CORP sets up for 15% rally in 3 months

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Insight:

TARGET CORP has reached a new medium term high. Previously, during similar occasions, TARGET CORP shares had a median return of +15%, over the following 3 months – based on 10 historical occasions with 8 of those showing positive returns (80% hit ratio). This buy signal for TARGET CORP received a high score of 8.9 (out of 10). This insight was generated on 2021- November-4 with last price of 260.44. TARGET CORP is in the Retail-Discount business. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. ‘Wall Street’ analysts think the stock price will be worth 8.2% more (average). Ticker symbol: TGT US.

Details:

Name TARGET CORP
ViewUp
Star (1 to 10)8.9
Target+15%
Time3 months
Hit Rate80%

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

19.7% (March- 2021), 16% (November-2020), 10.6% (May-2020), 22.7% (August-2019), 29% (June-2019), – 2.7% (February-2019), 8.2% (May-2018), 14% (December-2017), 26.2% (October-2017), -1.4% (August-2017)./

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