Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $225.00 short call and a strike $230.00 long call offers a potential 44.93% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $225.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock rose above the $230.00 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 below 20 which suggests that the stock is in oversold territory.
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
Amazon (AMZN) to Add More Than 2K Jobs to Expand in Austin
Thu, 23 Dec 2021 16:58:04 +0000
Amazon (AMZN) intends to create more than 2,000 jobs in Austin, TX, to expand its Austin tech hub.
The cost of Christmas: 2021 holiday sales expected to shatter records
Thu, 23 Dec 2021 16:47:02 +0000
Yahoo Finance's Brian Sozzi reports expectations for holiday shopping as consumer spending on retail items, food supplies, and Christmas trees soars.
Why retail investors have been ‘very good for markets,’ according to a finance professor
Thu, 23 Dec 2021 16:01:24 +0000
Jan-Oliver Strych, Karlsruhe Institute of Technology Assistant Professor of Finance, joins Yahoo Finance Live to discuss study results indicating the positive impact meme stock and retail investors have had on the market.
Jobless claims hold below pre-pandemic levels, consumer spending rises
Thu, 23 Dec 2021 14:19:57 +0000
Yahoo Finance Live's Brian Sozzi and Julie Hyman examine some of the latest PCE data on holiday season retail spending, jobless claims, and how retailers may have been better positioned than previously projected in regards to supply chain management.
This Dividend King Could Be a Surprise Growth Stock in 2022
Thu, 23 Dec 2021 13:00:00 +0000
Dividend Kings are generally considered some of the safest stocks due to their longevity and dividend growth track record. To qualify as a Dividend King, publicly traded companies must be members of the S&P 500 and have increased their dividend annually for at least 50 consecutive years. Today we will study one of these dividend-increasing growth stocks and examine why it could offer incredible growth in 2022.
Related Posts
Also on Market Tamer…
Follow Us on Facebook