Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $60.50 short put and a strike $55.50 long put offers a potential 12.11% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.50 by expiration. The full premium credit of $0.54 would be kept by the premium seller. The risk of $4.46 would be incurred if the stock dropped below the $55.50 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 52.03 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
Assessing The Financial Impact Of 4.5 Million Stolen Health Records
Mon, 25 Aug 2014 02:57:00 GMT
Forbes – Less than a week ago, publicly traded Community Health Systems (CHS) formally announced to the SEC what amounts to the second largest breach of health records (4.5 million) in U.S. history. According to the filing, the data was stolen between April and June of this year. Whether or not it was a […]
PlayStation Network Taken Down by Hackers
Sun, 24 Aug 2014 22:09:52 GMT
Feds warn retailers about hacking software
Fri, 22 Aug 2014 23:49:14 GMT
Over 1,000 US businesses hit with the same cyberattack as Target
Fri, 22 Aug 2014 20:38:00 GMT
10 Ways to Save Money at Target
Fri, 22 Aug 2014 15:20:01 GMT
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