Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 5.93% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $55.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Target is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Target is bullish.
The RSI indicator is at 66.67 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
Can General Motors Get the Correct Crisis Response?
Fri, 04 Apr 2014 22:55:07 GMT
Mozilla CEO Quits Over Support for Gay Marriage Ban
Fri, 04 Apr 2014 22:42:31 GMT
Minnesota court to hear all Target data breach cases
Fri, 04 Apr 2014 05:36:09 GMT
INDIA PRESS-BJP may reverse UPA's decision on FDI in multi-brand retail – Economic Times
Fri, 04 Apr 2014 03:51:18 GMT
Reuters – Note: Reuters has not verified this story and does not vouch for its accuracy.
Consumers are souring on Web, post-NSA, survey says
Thu, 03 Apr 2014 16:30:34 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook