Retail Stock To Watch: TJX
TJX is a retail stock that is setting up a new potential entry. Scott Bennett of Invest With Rules shared his take on the stock during the April 21 episode of IBD Live.
Bennett stated that TJX was one of the top retailers in the world. It's an undervalued stock and I believe it's set up for a nice upward move. Bennett sees the potential for TJX's stock to rally following a recent pullback, and a test of its 50 day moving average. Bennett stated that TJX was one of the top retailers in the world. It's an undervalued stock and I believe it's set up for a nice upward move. Bennett sees the potential for TJX's stock to rise after a recent drop and test of its fifty-day moving averge. He said, "The stock has started to rise again and I believe it will move up to $60."