Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 22.55% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.92 would be kept by the premium seller. The risk of $4.08 would be incurred if the stock rose above the $62.50 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 29.7 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Target
[$$] Target Results Hurt by Canada, Data Breach
Thu, 22 May 2014 02:49:55 GMT
The Wall Street Journal – Target's earnings fell 16% as fewer shoppers visited stores and losses from its Canada expansion mounted, highlighting the depths of the problems faced by the retailer.
Target's first-quarter profit falls 16%, misses estimates
Wed, 21 May 2014 23:36:00 GMT
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Wed, 21 May 2014 21:20:44 GMT
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Target cuts forecast after data breach
Wed, 21 May 2014 21:09:19 GMT
Financial Times – Target's first-quarter profit fell more than expected and the US retailer cut its full-year forecast as it continued to reel from a data breach, fewer visits to US stores and a bungled Canadian expansion. …
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