Target (TGT) Offering Possible 43.27% 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 $120.00 short call and a strike $125.00 long call offers a potential 43.27% 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 $120.00 by expiration. The full premium credit of $1.51 would be kept by the premium seller. The risk of $3.49 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 48.69 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 Announces Voting Results from 2020 Annual Meeting of Shareholders
Thu, 11 Jun 2020 21:00:00 +0000
Target Corporation (NYSE:TGT) today announced voting results from its 2020 Annual Meeting of Shareholders. Shareholders elected 11 members of the board of directors, ratified the appointment of Target's independent registered public accounting firm, approved the “Say on Pay” management proposal and approved the Target Corporation 2020 Long-Term Incentive Plan.

The North Face parent VF Corp. sees sales uptick as people head outdoors, or to their backyards, during coronavirus pandemic
Thu, 11 Jun 2020 20:18:00 +0000
VFC brands are positioned to capitalize on the outdoor and more casual trends that COVID-19 has spurred, analysts and executives say.

4 Stocks That Are Keeping Up in the Online Retail Race Against Amazon
Thu, 11 Jun 2020 19:01:00 +0000
These days, every retailer has to become an online retailer. Target, Walmart and others are showing they won’t bow down to Amazon.com easily.

Instacart valued at nearly $14 bln in latest funding amid online sales boom
Thu, 11 Jun 2020 17:00:01 +0000
Instacart said on Thursday it had raised $225 million in a new funding round, valuing it at $13.7 billion, as the grocery delivery company cashes in on a surge in online shopping due to the COVID-19 pandemic. The new financing round was led by venture capitalist firms DST Global and General Catalyst, while existing investor D1 Capital Partners also participated, the San Francisco-based company said. Instacart was valued at $7.87 billion in its last funding round in November 2018, when it raised $871 million.

Target Bumps Up Dividend, Extending Its Run of Raising Payouts to 49 Years
Thu, 11 Jun 2020 15:01:00 +0000
Discount retailer Target on Thursday declared a 3% quarterly dividend increase to 68 cents a share. The stock yields 2.2%.

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