Target (TGT) Offering Possible 34.77% Return Over the Next 13 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $227.50 short put and a strike $222.50 long put offers a potential 34.77% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $227.50 by expiration. The full premium credit of $1.29 would be kept by the premium seller. The risk of $3.71 would be incurred if the stock dropped below the $222.50 long put 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 59.67 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

Target's (TGT) Brightroom Aims to Build a Unique Home View
Thu, 06 Jan 2022 22:40:10 +0000
Target's (TGT) Brightroom is a new concept to refresh and manage homes in an organized manner.

Costco's (COST) Stellar Comps & Sales Run Continue in December
Thu, 06 Jan 2022 16:43:04 +0000
Costco (COST) has been rapidly adopting the omni-channel mantra to provide a seamless shopping experience. Comparable sales for the retail month of December rise 14.5%.

Could The Target Corporation (NYSE:TGT) Ownership Structure Tell Us Something Useful?
Thu, 06 Jan 2022 15:50:55 +0000
A look at the shareholders of Target Corporation ( NYSE:TGT ) can tell us which group is most powerful. Generally…

Target Beats Walmart, Best Buy in Holiday In-Person Visits
Thu, 06 Jan 2022 13:40:00 +0000
Target has made its stores a key part of its business model. The chain has revamped many of its locations, making them destinations by adding Starbucks locations in most of its stores and Walt Disney and Ulta Beauty in select locations. It's a strategy that, along with betting heavily on curbside pickup and same-day delivery via Shipt, has made Target a unique omnichannel business focused around its stores.

Target store holiday traffic outpaced Walmart, Best Buy, data suggests
Thu, 06 Jan 2022 13:13:13 +0000
Target Corp. saw more shoppers in its stores during the 2021 holiday season than it did during the same period in 2019, before the pandemic, the latest sign that the Minneapolis retailer is poised to deliver a strong fourth quarter. Reuters reports on data from Placer.ai, a market-research firm that tracks anonymized mobile data to gather information on where consumers are shopping. According to the findings, shopper traffic at Target stores rose 6.2% during the holiday period compared to 2019.

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