Target (TGT) Offering Possible 27.23% Return Over the Next 17 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $222.50 short put and a strike $217.50 long put offers a potential 27.23% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $222.50 by expiration. The full premium credit of $1.07 would be kept by the premium seller. The risk of $3.93 would be incurred if the stock dropped below the $217.50 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 at 64.04 level which suggests that the stock is neither overbought nor oversold at this time.

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

LRT Capital: “Shares of Target Corp. (TGT) are a Bargain 23x Trailing and 20x Forward Earnings”
Mon, 31 May 2021 10:37:04 +0000
LRT Capital Management, an investment management firm, published its first-quarter 2021 investor letter – a copy of which can be downloaded here. A net return of +5.12%% was recorded by the LRT Economic Moat strategy for the Q1 of 2021, while the LRT Market Neutral strategy returned +2.4% for the same period. You can view the […]

2 Top Stocks to Buy in June
Sun, 30 May 2021 13:30:00 +0000
Two top retailers that are far outpacing the market averages are Target (NYSE: TGT) and Foot Locker (NYSE: FL). A year ago, investors were in awe of Target's 10.8% comparable-store sales growth as people rushed to stock up on home essentials. Target just blew that performance out of the water by reporting 22.9% comps growth for the first quarter of 2021.

Retail and Entertainment News on Wall Street
Fri, 28 May 2021 18:20:00 +0000
AT&T's (NYSE: T) WarnerMedia agrees to merge with Discovery (NASDAQ: DISCA) (NASDAQ: DISCK) to make a new entertainment juggernaut. Twilio (NYSE: TWLO) and Snap (NYSE: SNAP) rise after each makes a big acquisition.

Pent-up Demand Fuels Ulta's Big Comeback – For Now
Fri, 28 May 2021 17:17:23 +0000
Pent-up demand from the pandemic helped Ulta make a big comeback in Q1

Surging Earnings Estimates Signal Upside for Target (TGT) Stock
Fri, 28 May 2021 16:20:04 +0000
Target (TGT) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

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