Will Buyers Come In For These Retail Shares?
After reporting its first-ever loss, McDonald’s
(
MCD |
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Chart |
News |
PowerRating) gapped down and is testing its 52-week lows.
A possible intraday double bottom is setting up,
which may mean buyers coming in this afternoon.
Â
Best Buy
(
BBY |
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News |
PowerRating) cut their fourth
quarter forecast and after selling off is currently testing its intraday .382
retracement level.
Â
Target
(
TGT |
Quote |
Chart |
News |
PowerRating) said that December sales
would be “well below plan.” TGT is testing its .50 retracement
after an earlier selloff, and is trading in a Slim Jim.
