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How to Trade Target at Its 2015 Low — Technical Charts

Target (TGT - Get Report) recently announced store closures as this big-box retailer prepares to report earnings for the quarter ended in October. Target has had a string of four consecutive quarters of beating analysts' estimates. The stock set an all-time high on June 23, and it had a positive reaction to earnings reported on Aug. 19. Even so, the stock set its 2015 low on Monday.

Target stock was hurt by a technical "death cross," confirmed on Sept. 28, when 50-day simple moving average fell below the 200-day simple moving average when the stock closed at $77.67. A "death cross" indicates that lower prices lie ahead. The stock traded as low as $70.80 on Monday.

Analysts expect Target to earn 86 cents a share. TheStreet's portfolio analyst Scott Berman...