Target’s most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $242.50 short put and a strike $237.50 long put offers a potential 16.82% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $242.50 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $237.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Target is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Target is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here
LATEST NEWS for Target
Thinking of Buying Target Stock? Here’s What You Need to Know
Wed, 07 Jul 2021 10:00:00 +0000
If you’re shopping for a retailer that will deliver revenue and share performance to your portfolio, you may be thinking of Target (NYSE: TGT). The coronavirus pandemic meant shoppers flocked to Target for essentials and for the company’s quick and contactless pickup options. Target’s 2020 earnings report is enough to wow any investor.
3 Growth Stocks That Could Underwhelm as the Economy Opens Back Up
Tue, 06 Jul 2021 13:26:00 +0000
The U.S. economy is opening back up, and consumer confidence is its highest level since before the pandemic first began more than a year ago. Three stocks that could post underwhelming results in the months ahead include American Well (NYSE: AMWL), Amazon (NASDAQ: AMZN), and Target (NYSE: TGT). American Well (also known as Amwell), has fallen more than 45% since its shares first began trading on the NYSE in September 2020.
E-Commerce Continues to Drive Online Grocery Sales: 4 Picks
Tue, 06 Jul 2021 12:47:12 +0000
Although retailers are still struggling, grocery stocks like Target Corporation (TGT) and Walmart (WMT) have been benefiting since the coronavirus outbreak due to their strong online presence.
Is Target Corporation (NYSE:TGT) Popular Amongst Institutions?
Tue, 06 Jul 2021 11:38:19 +0000
If you want to know who really controls Target Corporation ( NYSE:TGT ), then you’ll have to look at the makeup of its…
Wall Street Offers an Ideal Ground for Bulls to Roar: 5 Picks
Tue, 06 Jul 2021 09:38:09 +0000
We have narrowed down our search to five corporate giants that have witnessed positive EPS estimate revisions in the last seven days. These are: NVDA, NKE, TGT, AMAT and FDX.
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