Relative Strength Retailer Sees Bullish Flag Form Near Highs
TJX (TJX) shares coiling in a tight flag all month near the all-time highs showing relative strength in a sloppy market. Retesting the top of monthly value near 79 and holding above can likely see a follow through move higher to above 81 and likely 85-90 range into January as the retailer continues to see buyers in control as it extends from its strong post earnings breakout last month.
