Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $64.50 short call and a strike $69.50 long call offers a potential 9.17% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $64.50 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock rose above the $69.50 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 20.77 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
[$$] Amazon’s Profit Jumps, But Sales Growth Disappoints
Fri, 03 Feb 2017 06:32:02 GMT
[$$] Amazon's Profit Jumps, But Sales Growth Disappoints
Fri, 03 Feb 2017 00:44:02 GMT
America’s retailers are warning that a Republican tax plan could make goods 20% more expensive
Thu, 02 Feb 2017 17:54:48 GMT
Are Investors Overreacting to Target Corporation's Latest Guidance?
Thu, 02 Feb 2017 17:28:00 GMT
Walmart & Target band together against new border tax
Thu, 02 Feb 2017 16:42:29 GMT
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