Target (TGT) Offering Possible 17.3% Return Over the Next 30 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $220.00 short call and a strike $240.00 long call offers a potential 17.3% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $220.00 by expiration. The full premium credit of $2.95 would be kept by the premium seller. The risk of $17.05 would be incurred if the stock rose above the $240.00 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 41.55 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 (TGT) Dips More Than Broader Markets: What You Should Know
Mon, 14 Feb 2022 22:45:10 +0000
Target (TGT) closed at $208.57 in the latest trading session, marking a -1.41% move from the prior day.

Target Slides After Cowen Cuts Price Target
Mon, 14 Feb 2022 12:36:28 +0000
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