Target (TGT) Offering Possible 32.28% Return Over the Next 16 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $252.50 short call and a strike $257.50 long call offers a potential 32.28% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $252.50 by expiration. The full premium credit of $1.22 would be kept by the premium seller. The risk of $3.78 would be incurred if the stock rose above the $257.50 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 29.71 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

Sam's Club CEO on shopping habits, vaccines and ‘disruptive pricing'
Mon, 30 Aug 2021 12:26:22 +0000
At the height of the pandemic, Sam’s Club customers were busy hoarding toilet paper and stocking up on comfort foods like cookies, pizza and potato chips. CEO Kathryn McLay says that the company called that “the era of carbs and calories,” but she tells Yahoo Finance Live those buying habits are changing.

August jobs report, Consumer confidence: What to know this week
Sun, 29 Aug 2021 20:22:16 +0000
New data on the U.S. labor market will be in focus this week, offering an updated look at how economic activity has been impacted as the spread of the Delta variant ramped up in the U.S. over the summer.

2 Inexpensive Dividend Stocks to Consider
Sat, 28 Aug 2021 14:15:00 +0000
Investing in stocks that pay dividends can be a good way to generate income. Additionally, companies that pay dividends tend to be more mature, offering stable earnings and cash flows — features that can make an investment less risky. Target (NYSE: TGT) and eBay (NASDAQ: EBAY) could be good candidates if you're looking for dividend stocks to add to your portfolio.

3 Top Stocks That Just Blew Away Wall Street Expectations
Sat, 28 Aug 2021 13:00:00 +0000
The second-quarter earnings season was packed with mostly good news for investors. Many of the market's biggest companies, from retailers to tech giants, raised their 2021 outlooks following a surprisingly strong first half of the year.

Is Target's Disney Maneuver the Future of Malls?
Sat, 28 Aug 2021 02:34:05 +0000
Target (NYSE: TGT) preps for the holidays by tripling the number of Disney (NYSE: DIS) shops inside its stores. The activist investor battle between Starboard Value and Box escalates. In this episode of MarketFoolery, Jason Moser analyzes those stories, as well as the “War On Cash” drama that broke out at WWE's (NYSE: WWE) SummerSlam event in Las Vegas.

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