Shares of The TJX Companies Cross Below the Critical Support Price

Posted on 11/27/2012 by Tom Kaplan

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NEW YORK (AVAFIN) -- Shares of The TJX Companies closed below the 50-day moving average of $43.39 as of Tuesday. This development is a sign of bearishness as long as prices remain below the moving average. Shares of TJX settled the day down $0.43 to $43.08 on lighter than usual volume. The daily stock range was between $43.03 and $43.60.

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Moving averages serve as key data points for traders. These points provide dependable entry signals and useful stop-loss protection. It is important to note that moving averages should be used in combination with other indicators in order to properly confirm trends and price movement. Based on the recent stock price of $43.08 per share, the current support and resistance levels are $42.66 and $43.80 respectively.

The TJX Companies, Inc. is an off-price apparel and home fashions retailer in the United States and worldwide. It operates seven off-price retail concepts in the U.S., Canada and Europe.

Performance metrics indicate that the stock has gained 48.18% within the last year. The average analyst rating for the stock is hold.

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