Target (TGT) Offering Possible 34.23% Return Over the Next 27 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $110.00 short call and a strike $120.00 long call offers a potential 34.23% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $2.55 would be kept by the premium seller. The risk of $7.45 would be incurred if the stock rose above the $120.00 long call 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 down which suggests that the medium-term momentum for Target is bearish.

The RSI indicator is at 48.04 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

CVS announces first drive-thru coronavirus testing site in Massachusetts
Thu, 19 Mar 2020 19:55:34 +0000

Walmart Shares Zoom to All-Time High
Thu, 19 Mar 2020 16:13:14 +0000
Walmart stock has rallied to an all-time high, underpinned by a sales collapse at more vulnerable brick-and-mortar retailers.

Walmart stock wins second upgrade of the week as shoppers flock to grocers amid coronavirus
Thu, 19 Mar 2020 16:10:00 +0000
Shoppers are eating at home more due to the coronavirus pandemic, and they’re buying more items from grocers like Walmart.

Drive-thru coronavirus test sites popping up slowly across America
Wed, 18 Mar 2020 23:12:01 +0000
The goal is to ramp up testing, the lack of which has been a major obstacle to understanding the extent of the pandemic, reduce pressure on emergency rooms and keep patients in cars to avoid spreading the infection. Admiral Brett Giroir of the U.S. Public Health Commission told reporters in Washington on Tuesday drive-thru test centers were “blossoming all over the country.” The public health commission was “really pushing equipment” to 47 centers in a dozen states, after doing a trial run on Monday with public health staff in protective gear, Giroir said.

Coronavirus update: 212,616 cases, 8,727 deaths, more than 7,300 cases in the U.S.
Wed, 18 Mar 2020 18:07:00 +0000
The number of cases in the U.S. continues to rise as more testing options become available, with each state reporting at least one case of the novel coronavirus and 18 of them reporting deaths.

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