Target (TGT) Offering Possible 42.86% Return Over the Next 13 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $95.00 short call and a strike $100.00 long call offers a potential 42.86% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $95.00 by expiration. The full premium credit of $1.50 would be kept by the premium seller. The risk of $3.50 would be incurred if the stock rose above the $100.00 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 43.51 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 (TGT) Stock Sinks As Market Gains: What You Should Know
Thu, 02 Apr 2020 21:45:09 +0000
Target (TGT) closed at $94.37 in the latest trading session, marking a -0.94% move from the prior day.

Target to start limiting customer numbers in stores, give staff masks and gloves
Thu, 02 Apr 2020 21:08:27 +0000
Target Corp. on Sunday will start limiting the number of shoppers it allows in its stores to enhance social distancing. It'll also issue masks and gloves to its store and distribution-center workers.

Target Announces New Measures to Promote Safety and Social Distancing
Thu, 02 Apr 2020 20:30:00 +0000
As Target (NYSE: TGT) stores across the country continue helping millions of guests shop for the food, medicine and other essentials they need, the retailer today announced new safety measures to help reduce the spread of the coronavirus. Effective April 4, Target will actively monitor and, when needed, meter guest traffic in its nearly 1,900 stores nationwide to promote social distancing. Additionally, Target will supply its more than 350,000 team members in stores and distribution centers with face masks and gloves to wear at work, while continuing to encourage healthy hygiene habits as provided by the Centers for Disease Control and Prevention (CDC). These updates are on top of action the company has taken in recent weeks with the health and safety of its guests and team members in mind, such as rigorous cleaning routines at its stores and distribution centers; social distancing measures like floor signage to encourage guests and team members to remain six feet apart; Plexiglass partitions at all registers; and contactless order pickup and home delivery.

Stocks To Watch: Target Sees RS Rating Jump To 84
Thu, 02 Apr 2020 19:00:00 +0000
Target shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 77 to 84.

Why Is Target (TGT) Down 11.6% Since Last Earnings Report?
Thu, 02 Apr 2020 15:30:03 +0000
Target (TGT) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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