Target Offering Possible 16.01% Return Over the Next 24 Calendar Days

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 16.01% return on risk over the next 24 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 $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock rose above the $62.50 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 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

Target says hackers stole credentials from vendor
Thu, 30 Jan 2014 01:15:54 GMT

Target says hackers stole credentials from vendor
Thu, 30 Jan 2014 01:15:54 GMT
AP – Target said Wednesday that investigators have found that hackers stole credentials from a vendor to access the retailer's systems and pilfer about 40 million debit and credit card numbers as well as personal …

Target Says Card Data Breach May Have Come Through Vendor
Thu, 30 Jan 2014 01:02:25 GMT
Bloomberg – Target Corp. (TGT), the second-largest U.S. discount retailer, said the theft of credit- and debit-card data last month that affected tens of millions of customers may have occurred through the use of a vendor’s credentials. “We can confirm that the ongoing forensic investigation has indicated that the intruder stole a vendor’s credentials which were used to access our system.” Molly Snyder, a Target spokeswoman, said today in an e-mail. Target said the breach hurt holiday sales and cut its fourth-quarter forecast for U.S. operations. The suspected use of a vendor’s credentials was reported earlier today by the Wall Street Journal.

Target says criminals attacked with stolen vendor credentials
Thu, 30 Jan 2014 00:58:12 GMT

Target says criminals attacked with stolen vendor credentials
Thu, 30 Jan 2014 00:58:12 GMT
Reuters – BOSTON/WASHINGTON (Reuters) – Target Corp said on Wednesday that the theft of a vendor's credentials helped cyber criminals pull off a massive theft of customer data during the holiday shopping season in late 2013. “The ongoing forensic investigation has indicated that the intruder stole a vendor's credentials, which were used to access our system,” Target spokeswoman Molly Snyder said in a statement. She declined to elaborate on what type of credentials were taken, who the vendor was, or to provide other details. The company's shares have been hurt since the data breach was announced on December 19, and the incident has drawn scrutiny from lawmakers as well as federal law enforcement and consumer protection agencies.

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