Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $195.00 short call and a strike $210.00 long call offers a potential 33.45% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $195.00 by expiration. The full premium credit of $3.76 would be kept by the premium seller. The risk of $11.24 would be incurred if the stock rose above the $210.00 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 63.85 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
Successful Investors Share 3 Investments That Won't Keep You Awake at Night
Sun, 21 Feb 2021 10:45:00 +0000
Don't stress out over your stocks — here are three that guarantee sweet dreams and healthy returns.
Where to Invest $5,000 Right Now
Sat, 20 Feb 2021 12:22:00 +0000
Whether you're just starting out or adding to a position, this is how you can get a lot of bang for your buck.
What Walmart’s Higher Wages Mean for Dollar Store Stocks
Fri, 19 Feb 2021 16:05:00 +0000
Walmart's decision to increase wages for some of its workers could put upward pressure on dollar-store wages, but Jefferies argues the strongest dollar stores can handle it.
2 Dividend Stocks You Can Safely Hold for Decades
Fri, 19 Feb 2021 14:00:42 +0000
The trick is to pick the right stocks to buy and hold, however. Here are two large, stable companies that fit the bill, partly because they have not only paid dividends for decades but have raised the amount paid each year. PepsiCo (NASDAQ: PEP) sells its well-known soda, snacks, and food brands around the world.
Estimating The Intrinsic Value Of Target Corporation (NYSE:TGT)
Fri, 19 Feb 2021 12:04:14 +0000
In this article we are going to estimate the intrinsic value of Target Corporation ( NYSE:TGT ) by taking the expected…
Related Posts
Also on Market Tamer…
Follow Us on Facebook