Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 8.23% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $72.50 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 70.33 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 Increase Wages to At Least $9/Hour for All Workers in April
Thu, 19 Mar 2015 23:15:04 GMT
The Wall Street Journal – Target plans to boost pay of all its workers to at least $9 an hour starting next month, following similar moves by rivals Wal-Mart Stores and TJX as competition for lower wage workers heats up.
Judge OKs $10 million settlement in Target data breach
Thu, 19 Mar 2015 22:36:16 GMT
Judge OKs $10 million settlement in Target data breach
Thu, 19 Mar 2015 22:36:16 GMT
Nike shares rise after profit beat, revenue miss
Thu, 19 Mar 2015 22:09:08 GMT
Target to Shell Out $10M for Settling Class Action Lawsuit – Analyst Blog
Thu, 19 Mar 2015 20:46:08 GMT
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