Alert: Target Hits Major Support, Could See Rise

Target Corporation TGT has been crushed of late, dropping almost daily from the 52 week high, hit on January 3rd, 2011. This level was $60.97. From that pivot high, the stock has collapsed, dropping on sales fears and worries. As of today, Target Corp. hit a massive support level at $51.75. This coincides with a pivot double bottom from October 29th, 2010 at $51.75. The stock now turns from a bearish collapsing play to a mildly bullish mover, with upside potential in the short term. Gareth Soloway InTheMoneyStocks.com