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 18.06% return on risk over the next 30 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 $3.06 would be kept by the premium seller. The risk of $16.94 would be incurred if the stock dropped below the $210.00 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 at 73.13 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
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Mon, 14 Jun 2021 10:50:10 +0000
We have narrowed down our search to five U.S. corporate behemoths that have popped more than 15% in the past three months. These are NVDA, GOOGL, TGT, LRCX and ISRG.
6 Top Stocks to Buy on Robust Retail Sales Forecast
Mon, 14 Jun 2021 10:48:10 +0000
Retail sales are projected to witness a sharp jump, which is likely to help stocks like Urban Outfitters, Inc. (URBN), Target Corporation (TGT) and DICKS Sporting Goods (DKS) in the near term.
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