TJX Is On a Long-Term Price Upside

TJX Companies (TJX), the leading off-price retailer, is on a long-term price upside. The stock is trading at all-time highs and if it continues in its long-term price channel, patient investors will see significant gains in the next few years. Note: The dashed green price projection shown in the following chart represents a general upside price trend - not a specific price path.

However, the stock exhibits a volatile nature so short-term investors can make money trading the stock on price fluctuations. Currently TJX has risen from $22 to over $28 in just two months to form a steep upside price pattern. In four previous upsides of this cyclical stock the rate of price increase was much less than that of the current upside. So the stock is due for a price correction.

Profit takers can benefit from selling now but buyers should wait for price dips.

Related Articles:

TJX Stock Price is Headed to a New Price Channel - Posted March 24, 2005.

Posted September 28, 2006.