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Fundamental Outlook on TGT, COST and FDO Note to Editors: The Following Is an Investment Opinion Being Issued by the WSA Financial Ltd.

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© Marketwire 2013
2013-02-20 14:17:44 -

LONDON -- (Marketwire) -- 02/20/13 -- Following a long weekend, stocks edged higher in Tuesday's trading session as sentiment was lifted by robust German economic data and a rise in M&A activity. The Dow Jones closed 0.39% higher at 14,035.67, the S&P 500 closed 0.73% higher at 1,530.94, and the NASDAQ closed 0.68% higher at 3,213.59. At the close, our research team took notice of Target Corp. (NYSE: TGT), Costco Wholesale Corp. (NASDAQ: COST) and Family Dollar Stores Inc. (NYSE: FDO). Wall Street Active research team has completed free research on TGT, COST and FDO. As a leading provider of free in depth reports and timely market updates, we invite you to sign up now at : ..

Target Shares Edge Higher

After falling sharply in Friday's trading on substantial volume, Target shares bounced back on Tuesday. The stock rose 0.26% higher at $61.87, with volume up from daily average of 4.83 million to 6.88 million. Target's shares rose to a 52-week high of $62.06 on Tuesday. Although the company's shares are trading above their 50-day and 200-day moving averages, market sentiment appears to be bearish on the stock at the moment. Also, the MACD chart is giving bearish signals. Target's shares currently have support at around $61.50. Sign up today and get useful insight about TGT for free at : ..

Costco Wholesale Shares Fall Marginally

Costco Wholesale shares fell in Tuesday's trading even as the broad market rallied. The stock ended the day 0.26% lower at $101.90 on volume of 1.89 million, which is slightly below the daily average of 1.99 million. Year-to-date Costco Wholesale's shares have gained 3.21%, underperforming the broad market. In the last year, though, the stock has had an excellent run, gaining more than 20%. In recent weeks, the company's shares have been trading sideways, struggling to breakthrough $103 resistance level. The stock has strong support at around $101. Costco Wholesale's shares are still trading above their 50-day and 200-day moving averages. Free report on COST can be accessed by registering at : ..

Family Dollar Stores Shares Fall Sharply

After falling more than 1% in the previous trading session, Family Dollar Stores shares once again fell sharply in Tuesday's trading session. The stock closed 1.63% lower at $55.03 on Tuesday after falling to an intra-day low of $54.45. Family Dollar's shares are now trading close to their 52-week low of $53.26. Year-to-date, the stock has fallen more than 13%, underperforming the S&P 500, which is up 7.33% in the same period. Technical indicators for Family Dollar Stores are currently giving strong bearish signals. The stock is trading well below its 50-day and 200-day moving averages currently. Register with Wall Street Active and download the research on FDO for free at : ..

Disclaimer: WSA Financial is not a registered investment advisor, and nothing in this release is intended as a solicitation to buy or sell any security. Our pro-traders only aim is to educate investors based on their experience, and to share their knowhow.

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