TJX Companies (NYSE: TJX) stock price action following the Q2 earnings release is mixed, suggesting it could be time to sell this stock, but all other indications disagree. The chart price action includes a significant pre-market surge, a gap higher, and a subsequent intraday sell-off that left the market well off the highs.
The mid-day reversal is likely due to profit-taking; the gap up was worth more than 5% and longer-term gains are far more robust.
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