Growth stocks moving Up Now

This afternoon I used Barchart to screen a list of stocks having projections of double digit increases in sales, earnings and total return to find those with current momentum and found Healthcare Services (HCSG), Strum Ruger (RGR) and Target (TGT).  These are hourly trading charts for the last month.

Healthcare Services (HCSG)

Barchart technical indicators:

• 56% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 8 new highs and up 8.33% in the last month
• Relative Strength Index 72.24%
• Barchart computes a technical support level at 21.00
• Recently traded at 22.04 with a 50 day moving average of 19.78

Strum Ruger (RGR)

Barchart technical indicators:

• 32% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20 and 50 day moving averages
• 10 new highs and up 22.00% in the last month
• Relative Strength Index 67.27%
• Barchart computes a technical support level at 40.33
• Recenlty traded at 43.05 with a 50 day moving average of 40.73

Target (TGT)

Barchart technical indicators:

• 100% Barchart technical buy signal
• Trend Spotter buy signal
• Above its 20, 50 and100 day moving averages
• 7 new highs and up 5.81% in the last month
• Relative Strength Index 74.30%
• Barchart computes a technical support level at 58.92
• Recently traded at 61.89 with a 50 day moving average of 57.51

Target - TGT - Barchart Chart of the Day

Barchart.coms Chart of the Day - Target Corp (TGT)

Barchart Research Team - BC - Tue Jul 10, 6:43PM CDT

Related Stocks

TGT - Target Corp.

Sym	Last	Chg	Pct
TGT	59.23	+1.19	+2.05%

The "Chart of the Day" is Target Corp (TGT), which showed up on Tuesday's Barchart "52-Week High" list. Target on Tuesday posted a new 1-1/2 year high of $59.49 and closed up +2.05%. TrendSpotter has been long since May 25 at $57.26. In recent news on the stock, Target management on July 5 said that the company was on track to deliver Q2 sales and adjusted EPS in line with previous guidance. Target on June 13 raised its quarterly dividend to 36 cents from 30 cents per share. Target Corp, with a market cap of $38 billion, operates large-format general merchandise and food discount stores in the United States, which include Target and SuperTarget stores.


How we found the Chart of the Day:
We found the "Chart of the Day" by scanning the Barchart "52-week Highs" page. That page shows all the stocks that have posted new 52-week highs, which is a popular sign of strong upside momentum.
The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

• TrendSpotter: Buy
• Short-Term Indicators: 100% Buy
• Medium-Term Indicators: 100% Buy
• Long-Term Indicators: 100% Buy
• Overall Average 100% Buy

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