3 Big Stock Charts for Friday: Kansas City Southern, Nordstrom and TJX Companies
The market is ultimately saying Broadcom is overpaying for the headache of integrating the two companies, however, as AVGO shares ended Thursday’s action in the red to the tune of 13.7%. Wise traders will remain focused the best trading setups, which for Friday include TJX Companies (NYSE:TJX), Nordstrom (NYSE:JWN) and Kansas City Southern (NYSE:KSU). There has been a broad revival from most retailers that survived the retail apocalypse. Whether discounter TJX Companies was immune to that apocalypse or just better-positioned to capitalize on the recovery is a matter up for debate. Either way, TJX shares have rallied a little too far, too fast, and this week have started to struggle under the weight of that big move. • The monthly chart shows an overbought condition based on RSI… something rarely seen in that timeframe from a stock like TJX Companies (and certainly rarely seen for long). Nordstrom (JWN).