Target (TGT) Offering Possible 18.76% Return Over the Next 3 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $242.50 short call and a strike $247.50 long call offers a potential 18.76% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $242.50 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock rose above the $247.50 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 36.91 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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Costco's (COST) Q1 Earnings Beat, E-commerce Sales Up 14.3%
Fri, 10 Dec 2021 12:36:12 +0000
Costco (COST) registers a decent comparable sales performance in first-quarter fiscal 2022. E-commerce comparable sales increase 14.3% in the quarter.

Denison Mines, Wolverine World Wide, Callaway Golf and Target highlighted as Zacks Bull and Bear of the Day
Fri, 10 Dec 2021 09:58:09 +0000
Denison Mines, Wolverine World Wide, Callaway Golf and Target highlighted as Zacks Bull and Bear of the Day

Kroger (KR) to Set Up Fulfillment Center in North Carolina
Thu, 09 Dec 2021 22:35:10 +0000
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