Target (TGT) Offering Possible 28.87% Return Over the Next 10 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $217.50 short call and a strike $222.50 long call offers a potential 28.87% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $217.50 by expiration. The full premium credit of $1.12 would be kept by the premium seller. The risk of $3.88 would be incurred if the stock rose above the $222.50 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 40.97 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

If You Own This Stock, It's Time to Buy More
Sun, 06 Feb 2022 11:00:00 +0000
If you've been a Target (NYSE: TGT) shareholder for a while, you're probably winning on your investment. During the early stages of the pandemic, customers flocked to Target's digital platform to shop for essentials. As lockdowns ended, shoppers continued to order online and resumed visits to Target stores.

3 Dividend Stocks That Had a Record Year and Are Just Getting Started
Sat, 05 Feb 2022 11:10:00 +0000
These solid income stocks sport above-average yields and have plenty of growth opportunities to exploit.

Ballast Advisors Llc Buys 3M Co, Eli Lilly and Co, Linde PLC, Sells Comcast Corp, Huntington …
Fri, 04 Feb 2022 18:38:04 +0000
Investment company Ballast Advisors Llc (Current Portfolio) buys 3M Co, Eli Lilly and Co, Linde PLC, Donaldson Co Inc, Equifax Inc, sells Comcast Corp, Huntington Bancshares Inc, Target Corp, iShares S&P Mid-Cap 400 Value ETF, iShares Russell Mid-Cap ETF during the 3-months ended 2021Q4, according to the most recent filings of the investment company, Ballast Advisors Llc.

Is Now The Time To Put Target (NYSE:TGT) On Your Watchlist?
Fri, 04 Feb 2022 16:51:51 +0000
Some have more dollars than sense, they say, so even companies that have no revenue, no profit, and a record of falling…

Chipotle (CMG) to Report Q4 Earnings: What to Expect
Fri, 04 Feb 2022 16:11:04 +0000
Chipotle's (CMG) Q4 results are likely to reflect gains from robust digitization, comps growth, the opening of Chipotlane, and other sales-building efforts amid higher wage and freight costs.

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