Technical Summary: For the last 5 years the stock of TJX has drifted higher in a general uptrend. This stock however has been punctuated by periods of volatility and spikes in the chart. The stock has been pretty proficient at mean reverting back to its long term trend. For this reason it is probably best bought on pull backs as opposed to strength. Probably the best guide would be to use the 50 day moving average. Once the stock is below the average investors can wait for strength before initiating a position. The danger for a stock like TJX would be buying when it is overextended. It is difficult to argue that the stock is not overextended at the current juncture. Based on historic form this will result in a mean reversion in the stock. For those waiting to get into the stock it could be the best buying opportunity.