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
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Ravi S. Kapur
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