Two Swing Trade setups to watch: GNRC and TGT
Target Corp (TGT) has been on my bearish watch-list for quite some time now. The rally into resistance shouldn’t be taken serious here. It has the look of a stock that is ready to head south again and possibly form a new low at which point, I think will finally mark a bottom in the stock.
The second of the two is in Generac Holdings (GNRC). I think the setup is stellar in this one, particularly if you can get in at $34.60 or less with a stop-loss at $33.95. A very nice reward-to-risk setup. My only word of advice is to be careful with this one as the volume has been on the thinner side of late, but if you get a pickup in buying interest, you should be positioned well to profit from GNRC.
Here’s today’s lazy swing-trades
LONG: Generac Holdings (GNRC)
SHORT: Target Corp (TGT)
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