On Tuesday, Target Corp (TGT) was one of only nine stocks that bucked the market selloff, popping 13% on a Runaway Gap as the Dow Jones cratered -404 points, the S&P 500 fell over 1% and the Nasdaq plunged 1.56%. CHART 1: STRONG VOLUME GAINERS SCAN ON TUESDAY 3.05.24. TGT came up as a result of a Strong Volume Gainer scan on StockCharts’ scan engine. Target Corp also held an SCTR score of 91.2, indicating strong technical bullishness. On the following day, Target gapped up again. So what’s driving the bullishness? Target’s holiday-quarter revenue and earnings crushed Wall Street expectations on Tuesday. Despite the company issuing a gloomier sales forecast for 2024, bullish investors jumped in, causing price to spike (and gap) twice. Before taking a closer technical look into TGT, though, some traders might ask: Was it prudent to follow the bullish trend post-earnings? After all, some analysts think…
