Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 20.19% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $60.00 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 60.79 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
CEO spouses travel on company dime in little-known perk
Tue, 22 Oct 2013 22:45:56 GMT
USA TODAY – Little-known perk is on top of seven-figure pay packages, cars, country club memberships.
Retail Sales Rise But Shoppers Choosy After Shutdown
Tue, 22 Oct 2013 17:01:00 GMT
Investor's Business Daily – Retail Sales Rise But Shoppers Choosy After Shutdown
U.S. Payrolls Rise Less Than Forecast Ahead of Shutdown
Tue, 22 Oct 2013 16:27:16 GMT
Bloomberg – Employers in the U.S. added fewer workers to payrolls than projected in September, indicating the world’s largest economy had little momentum heading into the 16- day federal government shutdown.
No Clear Picture of Job Market Strength Until Next Spring: Nariman Behravesh
Tue, 22 Oct 2013 16:13:32 GMT
The Daily Ticker – http://d.yimg.com/hd/yahoofinance/lotus/1382458002430_579_21yG0ooPjtbf1_1_0.jpg?s=b48be1a417db4435bcaeeb9e3ae951a2&c=bd7f544f0f72e2836d93b6cee6f05fb1&a=yahoofinance&mr=0
Retail's top performers
Tue, 22 Oct 2013 14:40:00 GMT
CNBC – NBC Retail Analyst Stacey Widlitz, details the top performers in the retail market and reveals where the teens are spending their money.
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