The world's best retailer (in my humble opinion) has been trading sideways for a bit.
But I have to believe sales have been good as Americans have been spending money.
And here's what my analysts had to say about it:
... has been trading in a flat range over the past year, consistently finding support near the 261.8% extension. As long as it holds above this level, the path of least resistance remains higher.
On a relative basis, it recently found support at a key level versus the broader market, adding confirmation to our thesis."
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