Target On A Different Path:

Gone are the days of the AMZN chatter of buying KSS, and when we contrast the technical action between 2 of the larger big-box retailers, there is no contest. TGT is trading right at all-time highs and has made a very impressive move off last March’s lows that reversed at the very round 90 number. It has not registered back-to-back WEEKLY losses in more than 4 months, while KSS has not recorded back-to-back WEEKLY gains over the same time period. Compare that with KSS that is now 17% off the peak it made in late May. Most of that damage was done during an 11.8% drubbing the week ending 5/21 that was accompanied by the largest WEEKLY volume in 8 months. Even WMT is having some issues and is now 9% off its own 52-week highs, and it has essentially gone nowhere since filling in a gap from the 2/17 session on 5/18. TGT is the name that deserves your hard-earned capital.

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