Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 11.61% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock rose above the $62.50 long call 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 below 20 which suggests that the stock is in oversold 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
Could Wal-Mart Be the Next Giant Failure in Retail?
Sun, 02 Feb 2014 16:01:59 GMT
Amazon.com Has Not Taken Over the World of Retail Quite Yet
Sat, 01 Feb 2014 13:02:02 GMT
Target Card Breaches Open New Front in Old Battle With Bankers
Sat, 01 Feb 2014 05:01:00 GMT
The Week Ahead: More trouble for labor market?
Fri, 31 Jan 2014 21:02:00 GMT
Why the U.S. lags in use of safer chip cards
Fri, 31 Jan 2014 16:17:47 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook