Target is due to report earnings tomorrow. The American retailer is expected to report an EPS of $1.78 on revenue of $25.32bn.

Analysing Target’s stock as the American retailer is due to report quarterly earnings tomorrow. At present, its stock is trading at around $160.58 a share. Looking towards the upside, we can see that it has created a support level at $150.88 (oval), and is now approaching a resistance level at $161.97 (100-day moving average). A break above this resistance level could see a test of the key resistance sitting along the descending trendline (roughly $165.93). Support below sits at $158.27 (20-day MA) followed by $155.01. A dip below $155.01 could see the price retrace back towards that key support level at $150.88. Looking at the indicators, MACD is positive and RSI is neutral as it reads 53.