Target (TGT) Offering Possible 51.52% Return Over the Next 17 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $257.50 short put and a strike $252.50 long put offers a potential 51.52% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $257.50 by expiration. The full premium credit of $1.70 would be kept by the premium seller. The risk of $3.30 would be incurred if the stock dropped below the $252.50 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 68.95 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

‘It’s going to be an exceptional back to school season’: USPA Global Licensing President
Fri, 30 Jul 2021 20:42:46 +0000
J. Michael Prince, USPA Global Licensing President & CEO, joins Yahoo Finance’s Adam Shapiro and Seana Smith to discuss back to school trends, as spending is expected to reach record highs, and how the pandemic has changed consumer habits.

‘A great time to buy,’ says one Wall Street analyst as Amazon shares tumble on disappointment
Fri, 30 Jul 2021 15:38:00 +0000
Shares of Amazon.com sank 7% in Friday trading, but analysts were not rushing to downgrade the e-commerce giant as brick-and-mortar competition hit its results.

Target Giving Employees Another $75 Million
Thu, 29 Jul 2021 21:29:57 +0000
The funds mark the retailer’s sixth round of investments in its workforce since the pandemic began.

Target to invest $75 million in fresh round of staff bonuses
Thu, 29 Jul 2021 17:17:16 +0000
Target Corp. said Thursday that it will spend $75 million on another round of worker bonuses. Full-time and part-time frontline team members will be eligible for a $200 recognition bonus. More than 240,000 workers will get the extra pay. Target has given its workers a number of bonuses throughout the pandemic. Target stock has soared more than 47% for the year to date while the S&P 500 index has gained nearly 18% for the period.

Target Corporation's (NYSE:TGT) Stock Is Going Strong: Is the Market Following Fundamentals?
Thu, 29 Jul 2021 11:50:12 +0000
Target's (NYSE:TGT) stock is up by a considerable 24% over the past three months. Since the market usually pay for a…

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