Target (TGT) Offering Possible 35.14% Return Over the Next 7 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $242.50 short call and a strike $247.50 long call offers a potential 35.14% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $242.50 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $3.70 would be incurred if the stock rose above the $247.50 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 35.29 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

Bird selling its new e-bike and two newly launched scooters at Target
Wed, 08 Dec 2021 22:16:40 +0000
The company’s Bird Bike, Bird Flex e-Scooter and the Birdie Glow are being sold directly from Bird and at Target

Stitch Fix (SFIX) Shares Down 18% Despite Narrower Q1 Loss
Wed, 08 Dec 2021 21:09:09 +0000
Stitch Fix's (SFIX) top-line results for first-quarter fiscal 2022 reflect strength across the Women's, Kids and the UK businesses. However, SFIX provides a soft view for certain metrics in the fiscal second quarter.

Casey's (CASY) Q2 Earnings Miss Estimates, Revenues Up Y/Y
Wed, 08 Dec 2021 12:02:12 +0000
Casey's (CASY) second-quarter results reflect an increase of 6% in Inside same-store sales. Revenues increase across all the three categories.

Is Target Corporation (TGT) Going to Burn These Hedge Funds?
Wed, 08 Dec 2021 02:07:00 +0000
Is Target Corporation (NYSE:TGT) a good place to invest some of your money right now? We can gain invaluable insight to help us answer that question by studying the investment trends of top investors, who employ world-class Ivy League graduates, who are given immense resources and industry contacts to put their financial expertise to work. […]

Buckle (BKE) Up Above 60% YTD: Here's What You Should Know
Tue, 07 Dec 2021 20:54:08 +0000
Buckle (BKE) has been witnessing an impressive sales performance for a while now. Solid gains from the women's and men's merchandise categories are contributing to its results.

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