Target (TGT) Offering Possible 41.64% Return Over the Next 10 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $247.50 short call and a strike $252.50 long call offers a potential 41.64% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $247.50 by expiration. The full premium credit of $1.47 would be kept by the premium seller. The risk of $3.53 would be incurred if the stock rose above the $252.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Target is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for Target is bearish.

The RSI indicator is at 24.65 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

Target's RedCard: What You Need to Know
Sun, 05 Sep 2021 16:12:14 +0000
The Target RedCard is a loyalty program that offers shoppers discounts on purchases. Find out how the program works and how to get a Target RedCard.

RPT-Back-to-school may lift U.S. retail shares after recent lull
Sun, 05 Sep 2021 11:00:00 +0000
Strong late-summer back-to-school sales could provide U.S. retailers some needed momentum after many sector shares lagged the broader market in recent months. The S&P 500 retailing index, which includes Amazon.com Inc, is up just about 2% for the quarter so far, compared with a 6% gain in the S&P 500. Some retailers, including Macy's Inc and Walmart Inc , cited upbeat back-to-school data recently as they increased annual U.S. sales forecasts, but further sales data and the U.S. August retail report are expected later this month.

Back-to-school may lift U.S. retail shares after recent lull
Fri, 03 Sep 2021 19:12:21 +0000
Strong late-summer back-to-school sales could provide U.S. retailers some needed momentum after many sector shares lagged the broader market in recent months. The S&P 500 retailing index, which includes Amazon.com Inc, is up just about 2% for the quarter so far, compared with a 6% gain in the S&P 500. Some retailers, including Macy's Inc and Walmart Inc , cited upbeat back-to-school data recently as they increased annual U.S. sales forecasts, but further sales data and the U.S. August retail report are expected later this month.

Here's Why Target (TGT) is a Strong Growth Stock
Fri, 03 Sep 2021 15:25:03 +0000
Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Raising minimum wage to $15/hr was one of my ‘proudest moments’: Patrik Frisk
Fri, 03 Sep 2021 15:01:51 +0000
Under Armour President & CEO Patrik Frisk joins ‘Influencers with Andy Serwer' to discuss the company's decision to raise its minimum wage.

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