The Traderszone Network

Published in TZ Latest News 27 February, 2017 by The TZ Newswire Staff

TJX Companies Looks Poised to Extend Uptrend $TJX

TJX Companies (TJX), which operates TJ Maxx and Marshalls, recently broke out of a corrective pattern and this argues for a continuation of the bigger uptrend. It has been a rough year for most retail stocks with the Retail SPDR (XRT) down around 1% year-to-date. In contrast, TJX is up around 4.5% year-to-date and showing relative strength within its group. On the price chart, I think the long-term trend is up because the stock ultimately held support in the 72-74 area and the 10-week EMA is above the 40-week EMA (PPO(10,40,5) is positive). 

read more