Target (TGT) Offering Possible 38.5% Return Over the Next 20 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $120.00 short call and a strike $125.00 long call offers a potential 38.5% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $3.61 would be incurred if the stock rose above the $125.00 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 59.28 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

UPS adds ‘peak' surcharge amid coronavirus fueled delivery spike
Thu, 28 May 2020 21:31:09 +0000
United Parcel Service Inc on May 31 will slap surcharges on U.S. e-commerce companies that have flooded its delivery network with shipments of everything from packaged food to patio furniture since the coronavirus took hold in March. Such fees are common during the winter holiday season, when package volumes more than double. This round follows stay-at-home orders to fight the spread of the novel coronavirus.

Here's what booming dollar store sales say about America right now
Thu, 28 May 2020 16:59:25 +0000
Dollar store sales are rocking during the COVID-19 pandemic.

For Target, Pandemic Shopping Patterns Offer a Glimpse at Retail's Near Future
Thu, 28 May 2020 16:20:00 +0000
The company is even more confident in its omnichannel growth strategy in light of how well it adapted to the COVID-19 crisis.

The Recovery of Bricks-and-Mortar Retail Will Be Staggered. Here Are the Early Winners and Losers.
Thu, 28 May 2020 15:50:00 +0000
Retail businesses around the country have opened their doors again as many states and cities lifted the lockdown restrictions that were imposed during the pandemic.

Millionaires in America 2020: All 50 States Ranked
Thu, 28 May 2020 15:02:01 +0000
When it comes to where millionaires live in America, the rich keep getting richer.Market research firm Phoenix Marketing International notes that although the total number of millionaire households rose for the 11th straight year in 2019, the gains were disproportionately seen in states that already had more than their fair share of millionaires.”While the total number of high-net-worth households grew, these increases were largely seen in the wealthiest states, reinforcing the broader ongoing wealth-gap issues the country faces,” says Carl Uttaro, VP of financial services research at Phoenix MI. How Many Millionaires Are in the U.S.?Phoenix MI is tracking the effects of the coronavirus pandemic, which could make for a very different landscape going forward. But last year, at least, the good times continued to roll. Indeed, a record 6.71% (or 8,386,508 out of 125,018,808 total U.S. households) can now claim millionaire status. That's up from 6.21% in 2018 and just 5.81% in 2017.Note well that to be considered a millionaire by the standards of wealth research, a household must have investable assets of $1 million or more, excluding the value of real estate, employer-sponsored retirement plans and business partnerships, among other select assets.Although California and New York have a great deal of millionaires in terms of raw numbers, they don't have the highest concentrations of rich households. It turns out there are numerous states with higher percentages of well-off households, several of which probably will surprise you.And don't forget that between living costs and taxes, a million dollars goes much further in some states than others.Here's a look at the millionaire rankings for all 50 states (plus the District of Columbia), based on the percentage of millionaire households in each. Just for good measure, we're also providing important tax and cost-of-living information. SEE ALSO: The Berkshire Hathaway Portfolio: Latest Buffett Stock Rankings

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