TJX Companies (TJX) – Discount Retailer Could Be Entering a Fresh Uptrend
TJX Companies (TJX), the parent of T.J. Maxx, Marshalls, and HomeGoods, looks poised to begin a new leg higher after consolidating for much of the summer. Trading around $138, the stock has quietly regained its footing and could be gearing up for another strong advance.
The August breakout above $135 marked an important technical milestone — clearing a level that had capped gains since May. Following a brief pullback to retest that breakout zone, buyers have stepped back in, driving TJX to fresh 52-week highs this week. Notably, the stock’s RSI stayed above 40 during the recent dip, a classic sign that momentum remains intact even during minor pullbacks.
Volume patterns also tell a bullish story. The accumulation/distribution line has been trending steadily upward since June, signaling consistent institutional buying. Meanwhile, the Chaikin Money Flow remains positive, suggesting capital is continuing to move into the stock rather than out of it.
On a longer-term chart, TJX’s uptrend has been remarkably durable — dating all the way back to its 2022 lows. Each pullback has found support near the 40-week moving average, with buyers reliably stepping in to defend the trend. That behavior, combined with strong relative strength and a bullish structure, suggests this recent breakout could be just the beginning of another sustained run higher.
For traders looking to ride a new retail upswing, TJX looks like one of the cleanest setups out there right now. A break below the 50-day moving average would be a logical stop zone, while any test of the 200-day could offer an opportunity to add to a long-term position.
