Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 6.84% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $67.50 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 35.29 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Target
Analysis: After Target hack, Verifone smart card readers could shine
Sun, 19 Jan 2014 15:39:26 GMT
Analysis: After Target hack, Verifone smart card readers could shine
Sun, 19 Jan 2014 15:39:26 GMT
Reuters – A data breach at Target Corp that exposed the credit card information of tens of millions of holiday shoppers was a major black eye for the retailer. In its wake, investors and analysts are circling companies …
Where Will Target Go Next?
Sun, 19 Jan 2014 15:33:04 GMT
Wall St. Cheat Sheet – Target stock is currently trading lower and may need some time to stabilize.
Target Compounds Its Hacking Debacle Problems
Sun, 19 Jan 2014 15:06:16 GMT
Motley Fool – Retailer's response causes widespread worry that hackers had returned to strike again
Death At Sears, Best Buy, JCP Hurts America
Sun, 19 Jan 2014 15:00:00 GMT
TheStreet – Without thriving retailers, cities and the economy are less healthy, vibrant.
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