Target (TGT) Offering Possible 36.99% Return Over the Next 14 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $152.50 short call and a strike $157.50 long call offers a potential 36.99% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $152.50 by expiration. The full premium credit of $1.35 would be kept by the premium seller. The risk of $3.65 would be incurred if the stock rose above the $157.50 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 74.2 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 Names Maurice Cooper Senior Vice President of Marketing
Wed, 02 Sep 2020 16:00:00 +0000
Target Corporation (NYSE: TGT) today named Maurice Cooper senior vice president of marketing.

AT&T Inc. — Moody's assigns Baa2 rating to AT&T's proposed senior unsecured global notes
Wed, 02 Sep 2020 15:21:06 +0000
Moody's Investors Service (“Moody's”) assigned a Baa2 rating to AT&T Inc.'s (AT&T) proposed senior unsecured notes to be issued in connection with its debt exchange offer for certain outstanding notes. AT&T's Baa2 senior unsecured rating reflects materially improved credit metrics following a year of focused debt reduction in 2019 following the acquisition of WarnerMedia.

Top Ranked Growth Stocks to Buy for September 2nd
Wed, 02 Sep 2020 14:53:02 +0000
Top Ranked Growth Stocks to Buy for September 2nd

Costco Reports August Sales Today. Here’s What to Expect.
Wed, 02 Sep 2020 07:00:00 +0000
Costco Wholesale stock is up 18.5% year to date, and a coming data set could indicate where it heads from here. The discounter’s August sales report, due out on Wednesday, will be another read on how consumers are behaving.

Tesla Reportedly Bringing More Superchargers To Target Stores
Tue, 01 Sep 2020 19:41:30 +0000
Tesla Inc (NASDAQ: TSLA) shares are up close to 500% in 2020. The electric vehicle company continues to dominate its market and has produced strong stock returns.Tesla is bringing more Superchargers to Target Corporation (NYSE: TGT), according to a new CleanTechnica report. What Happened: Target and Tesla are working to bring more Superchargers to the retailer's locations. The deal will see Supercharger EV charging stations installed in 42 more Target parking lots. Tesla's Supercharger is the fastest charging station. In North America, there are 1,971 stations and 17,467 Superchargers. Why It's Important: Tesla continues to expand its Supercharger network, making it easier for its customers to charge their vehicles. Seventy-five percent of the U.S. population lives within 10 miles of a Target store, making them ideal locations.By providing the space for the Superchargers, Target benefits from Tesla customers coming to charge their vehicles. The 30-minute charge time could mean that Tesla owner ventures into the store to shop while they wait. The Supercharger deal will also help Target compete with other retailers like Wal-Mart (NYSE: WMT), which signed a large deal with Electrify America, a Volkswagen Group subsidiary.What's Next: Tesla shares were down 4.3% at $476.90 on Tuesday on news of a $5-billion stock offering.The drop comes after Tesla hit new highs and underwent a 5-for-1 stock split Monday. Target shares are up 18% in 2020.Photo courtesy of Target. See more from Benzinga * LinkedIn Founder And Zynga Founder Team Up On New SPAC * Dave Portnoy Lays Out How Bartsool Sports Separates Penn National From Other Stocks * Takeaways From 6 Zoom Video Analysts On Work-From-Home Stock's Big Q2 Beat(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Related Posts

 

MarketTamer is not an investment advisor and is not registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory Authority. Further, owners, employees, agents or representatives of MarketTamer are not acting as investment advisors and might not be registered with the U.S. Securities and Exchange Commission or the Financial Industry Regulatory.


This company makes no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended in this email, and makes no representations or warranties concerning said company or entity’s compliance with applicable laws and regulations, including, but not limited to, regulations promulgated by the SEC or the CFTC. The sender of this email may receive a portion of the proceeds from the sale of any products or services offered by a company or entity mentioned or recommended in this email. The recipient of this email assumes responsibility for conducting its own due diligence on the aforementioned company or entity and assumes full responsibility, and releases the sender from liability, for any purchase or order made from any company or entity mentioned or recommended in this email.


The content on any of MarketTamer websites, products or communication is for educational purposes only. Nothing in its products, services, or communications shall be construed as a solicitation and/or recommendation to buy or sell a security. Trading stocks, options and other securities involves risk. The risk of loss in trading securities can be substantial. The risk involved with trading stocks, options and other securities is not suitable for all investors. Prior to buying or selling an option, an investor must evaluate his/her own personal financial situation and consider all relevant risk factors. See: Characteristics and Risks of Standardized Options. The www.MarketTamer.com educational training program and software services are provided to improve financial understanding.


The information presented in this site is not intended to be used as the sole basis of any investment decisions, nor should it be construed as advice designed to meet the investment needs of any particular investor. Nothing in our research constitutes legal, accounting or tax advice or individually tailored investment advice. Our research is prepared for general circulation and has been prepared without regard to the individual financial circumstances and objectives of persons who receive or obtain access to it. Our research is based on sources that we believe to be reliable. However, we do not make any representation or warranty, expressed or implied, as to the accuracy of our research, the completeness, or correctness or make any guarantee or other promise as to any results that may be obtained from using our research. To the maximum extent permitted by law, neither we, any of our affiliates, nor any other person, shall have any liability whatsoever to any person for any loss or expense, whether direct, indirect, consequential, incidental or otherwise, arising from or relating in any way to any use of or reliance on our research or the information contained therein. Some discussions contain forward looking statements which are based on current expectations and differences can be expected. All of our research, including the estimates, opinions and information contained therein, reflects our judgment as of the publication or other dissemination date of the research and is subject to change without notice. Further, we expressly disclaim any responsibility to update such research. Investing involves substantial risk. Past performance is not a guarantee of future results, and a loss of original capital may occur. No one receiving or accessing our research should make any investment decision without first consulting his or her own personal financial advisor and conducting his or her own research and due diligence, including carefully reviewing any applicable prospectuses, press releases, reports and other public filings of the issuer of any securities being considered. None of the information presented should be construed as an offer to sell or buy any particular security. As always, use your best judgment when investing.