Morning chart-TJX breaks out of quadruple top!

Gary Kwapik

Morning chart-TJX breaks out of quadruple top!

By Gary Kwapik — Author

Hello Everyone,

TJX has formed a bullish quad top breakout here around the 70 level

with a target around 90.

The XRT ETF has broken thru the 97 level giving the retail sector a good buy signal.

IV is very low here so a long call or call debit spread would be considered for option traders. Earnings are out to 5-27 so May options would be considered to avoid earnings risk.

Subscribers please check website as we have important information regarding the ETF model!

TJX Chart:

Tickers: XRT TJX

Posted to Stock & Option Scout on Mar 25, 2015 — 8:03 AM

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