Target (TGT) Offering Possible 42.86% Return Over the Next 7 Calendar Days

Target’s most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $245.00 short put and a strike $240.00 long put offers a potential 42.86% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $245.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock dropped below the $240.00 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

Target shortens hours in San Francisco due to ‘alarming rise’ in shoplifting
Wed, 07 Jul 2021 20:09:00 +0000
A recent incident caught on video at a Walgreens shows a brazen shoplifter filling a trash bag with goods and riding a bike out of the store.

Big Lots (BIG) Appears Strong on Omni-Channel Initiatives
Wed, 07 Jul 2021 17:36:05 +0000
Big Lots’ (BIG) strategic efforts including omni-channel initiatives and Operation North Star bode well.

Are You Looking for a Top Momentum Pick? Why Target (TGT) is a Great Choice
Wed, 07 Jul 2021 16:00:04 +0000
Does Target (TGT) have what it takes to be a top stock pick for momentum investors? Let’s find out.

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.

Be Sociable, Share!

Related Posts