Target (TGT) Offering Possible 10.07% Return Over the Next 35 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $250.00 short call and a strike $270.00 long call offers a potential 10.07% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $250.00 by expiration. The full premium credit of $1.83 would be kept by the premium seller. The risk of $18.17 would be incurred if the stock rose above the $270.00 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 32.97 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

Market strategist: ‘We need to take a breath' and realize that the U.S. economy is showing strength
Wed, 15 Dec 2021 17:35:10 +0000
Scott Helfstein, ProShares Executive Director of Thematic Investing, joins Yahoo Finance Live to examine the positive takeaways from November's retail sales data despite not outpacing estimates amid inflation and e-commerce's apparent dominance.

Retail sales: The consumer ‘still has a lot of firepower left,’ strategist says
Wed, 15 Dec 2021 16:22:18 +0000
RiverFront Investment Group Sr. Market Strategist Rebecca Felton joins Yahoo Finance Live to discuss retail sales data, the upcoming Fed decision, and the outlook for markets.

Retail foot traffic ‘definitely has increased’: Colliers national retail director
Wed, 15 Dec 2021 15:50:25 +0000
Anjee Solanki, Colliers National Retail Director for the USA, joins Yahoo Finance Live to discuss the state of retail spaces, highlighting security issues, regional trends, increased foot traffic, and the additional costs retailers have to take on during the labor market and supply chain crunches.

Market check: Retail stocks under pressure after sales data, China stocks sell-off
Wed, 15 Dec 2021 15:27:52 +0000
Yahoo Finance’s Ines Ferre discusses cryptocurrency under pressure ahead of the Fed's policy announcement, department stores struggling as sales miss expectations, and Chinese stocks falling amid concerns over Omicron.

Inflation Leads Shoppers to Discount Stores: 4 Stocks to Watch
Wed, 15 Dec 2021 15:08:03 +0000
Target (TGT), Costco (COST), The TJX Companies (TJX) and Dollar General (DG) look well poised to serve customers in this inflationary environment.

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