The TJX Companies : The calm spell can be taken advantage of to put on new positions
Entry price | Target | Stop-loss | Potential |
---|
$72.4 |
$76 |
$70.8 |
+4.97% |
---|
TJX Companies Inc shares are locked into a trading range. This phase will eventually have to end with a return of a clear trend.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● The company has solid fundamentals for a short-term investment strategy.
Strengths● Predictions on business development from analysts polled by Thomson-Reuters are tight. This results from either a good visibility into core activities or accurate earnings releases.
● Historically, the company has been releasing figures that are above expectations.
● Analysts covering this company mostly recommend stock overweighting or purchase.
● The average target price set by analysts covering the stock is above current prices and offers a tremendous appreciation potential.
Weaknesses● The underlying tendency is negative on the weekly chart below the resistance at 73.74 USD
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