Target (TGT) Offering Possible 18.91% Return Over the Next 36 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $240.00 short put and a strike $220.00 long put offers a potential 18.91% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $3.18 would be kept by the premium seller. The risk of $16.82 would be incurred if the stock dropped below the $220.00 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

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Target (NYSE: TGT), Home Depot (NYSE: HD), and Disney (NYSE: DIS) are three great picks. When was the last time you ordered from Target? Target was the source for millions of customers to get their essentials and other products during the pandemic, and the company had its best quarters in years.

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JBL, VALE, TGT, and KMX made it to the Zacks Rank #1 (Strong Buy) growth stocks list on July 12, 2021.

The Zacks Analyst Blog Highlights: Target, L Brands, Walmart, Costco and Best Buy
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The Zacks Analyst Blog Highlights: Target, L Brands, Walmart, Costco and Best Buy

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