Target (TGT) Offering Possible 17.16% Return Over the Next 29 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $230.00 short put and a strike $210.00 long put offers a potential 17.16% 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 $230.00 by expiration. The full premium credit of $2.93 would be kept by the premium seller. The risk of $17.07 would be incurred if the stock dropped below the $210.00 long put 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 up which suggests that the medium-term momentum for Target is bullish.

The RSI indicator is at 71.45 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

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Express, Urban Outfitters and J.Crew are among more-specialized chains that have opened up their sites to third-party sellers, a business model long mastered by Amazon.

Hedge Funds Are Cashing Out Of Target Corporation (TGT)
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As we already know from media reports and hedge fund investor letters, hedge funds delivered their best returns in a decade. Most investors who decided to stick with hedge funds after a rough 2018 recouped their losses by the end of the fourth quarter of 2019. A significant number of hedge funds continued their strong […]

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