Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $260.00 short put and a strike $255.00 long put offers a potential 63.93% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $260.00 by expiration. The full premium credit of $1.95 would be kept by the premium seller. The risk of $3.05 would be incurred if the stock dropped below the $255.00 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 63.35 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
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Sephora shops debut in Kohl's stores
Mon, 09 Aug 2021 14:24:22 +0000
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Mon, 09 Aug 2021 13:03:01 +0000
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Target's latest designer collaborations include Rachel Comey and Nili Lotan
Mon, 09 Aug 2021 11:31:13 +0000
Target Corp. announced its Fall Designer Collection on Monday, with limited-time merchandise from Rachel Comey, Nili Lotan, Victor Glemaud and Sandy Liang. Items from these special collections will be available in stores and online in September. Most items will be priced below $50. Target has a history of designer collaborations that include Isaac Mizrahi, Thakoon and Rodarte. Target stock has gained 47.3% for the year to date while the S&P 500 index is up 18.1% for the period.
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