Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $57.50 short call and a strike $62.50 long call offers a potential 5.04% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.50 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $62.50 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 38.5 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 to offer e-books through partnership
Wed, 28 May 2014 13:02:54 GMT
Target Doesn't Have Gregg Steinhafel to Kick Around Anymore
Wed, 28 May 2014 10:30:00 GMT
Taking A Closer Look At Target's Q1 2014 Results
Wed, 28 May 2014 04:30:00 GMT
Target Corporation Is on the Road to Recovery
Tue, 27 May 2014 18:16:35 GMT
Business events scheduled for Wednesday
Tue, 27 May 2014 17:53:42 GMT
AP – Major business and economic events scheduled for Wednesday: WASHINGTON — Commerce Department releases housing starts for November, 8:30 a.m. WASHINGTON — Federal Reserve policymakers release a statement …
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