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Thursday, June 22, 2017 12:35:33 PM
As you know, the leading retail stocks have all been coming under severe selling pressure lately. It is well known that Amazon.com (NASDA:AMZN) has been eating the lunch of many leading retail companies. Are these beaten down retail companies ready to adjust to the Amazon way of doing business?
One leading retail stock that has fallen sharply lower is TJX Companies Inc (NYSE:TJX). This company is an off-price apparel and home fashions retailer in the United States and across the world. TJX stock recently topped out on May 10th, 2017 at $80.92 a share. Since that high pivot the stock has plunged lower and is now trading around $68.72 a share.
Traders should note that this stock is now trading into a major support level around the $67.75 area. This level is a major retrace area and it coincides with a weekly chart 200 moving average. Often, this dual support area will signal a major bounce is near in the stock price. Institutional buyers will usually defend the equity around this level.
![](http://www.inthemoneystocks.com/images/TJX%206.22.17.png)
Nicholas Santiago
InTheMoneyStocks
Recent TJX News
- Marshalls Announces New Programming and Community Initiatives in Partnership with Priyanka Chopra Jonas, to Continue its Mission to Help Women Access the Good Stuff™ In Life • PR Newswire (US) • 06/07/2024 12:57:00 PM
- The TJX Companies, Inc. Announces Plans for a Joint Venture in Mexico with Grupo Axo • Business Wire • 06/07/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 10:00:24 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 10:00:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 10:00:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 10:00:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 10:00:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 10:00:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:58:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/06/2024 09:56:50 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/06/2024 05:38:30 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/04/2024 09:00:05 PM
- The TJX Companies, Inc. Announces Quarterly Common Stock Dividend • Business Wire • 06/04/2024 06:04:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/03/2024 09:00:03 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/03/2024 08:30:03 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 04:06:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/31/2024 03:39:41 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/30/2024 08:30:03 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 09:24:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/29/2024 09:00:04 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/29/2024 08:33:20 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/28/2024 09:09:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:00:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:00:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/28/2024 09:00:12 PM
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Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
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