Target (TGT) Offering Possible 38.5% Return Over the Next 6 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $125.00 short call and a strike $130.00 long call offers a potential 38.5% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $125.00 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 $130.00 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 24.84 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 is taking the market share in women’s clothing that Kohl’s is losing
Thu, 09 Jan 2020 21:28:00 +0000
Kohl’s reported a comparable store sales decline for the holiday period, sending shares down more than 9% and sparking an other analyst downgrade.

Target launching new exercise clothing brand
Thu, 09 Jan 2020 20:50:24 +0000
Target Corp. will release a new athletic clothing brand later this month — and the company thinks the new line could be a $1 billion business line fast.

The Holidays Were No Fun for Retailers Kohl’s and J.C. Penney
Thu, 09 Jan 2020 20:14:00 +0000
Shares of Kohl’s and J.C. Penney were down 8.7% and 11%, respectively, after both reported sales results.

Want A Tofurky Burger? Pick One Up At Target
Thu, 09 Jan 2020 20:12:57 +0000
Tofurky's plant-based burger is made with soy protein, vegetable protein and wheat gluten, the company said in the press release. The soy base component is much more sustainable compared to pea protein given the ability to use all parts of the bean, according to the company. Tofurky hopes to “build a better planet” through expanding the plant-based category with affordable and delicious products, the company said.

Bed Bath & Beyond has so many ways it can improve, analysts can’t help but be bullish
Thu, 09 Jan 2020 19:20:00 +0000
Bed Bath & Beyond stock fell 19% after earnings that missed expectations and the company pulled its guidance.

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