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 13.9% return on risk over the next 33 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 $0.61 would be kept by the premium seller. The risk of $4.39 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 above 80 which suggests that the stock is in overbought 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
Wall Street remaining directionless for a 6th consecutive trading day
Mon, 17 Nov 2014 21:29:00 GMT
What to expect from Target’s earnings
Mon, 17 Nov 2014 18:32:51 GMT
Target Starts Expanding In-Store Health Care Service
Mon, 17 Nov 2014 18:12:00 GMT
The Target Black Friday sale has the cheapest 40-inch 1080 we've seen so far
Mon, 17 Nov 2014 17:30:00 GMT
Target Likely To Dip Before Moving Higher
Mon, 17 Nov 2014 17:16:00 GMT
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