TJX's most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 5.26% return on risk over the next 32 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 $0.25 would be kept by the premium seller. The risk of $4.75 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 TJX 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 TJX is bullish.
The RSI indicator is at 69.3 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 TJX
TJX Beats Q3 Estimates, Raises 2014 Guidance
Tue, 19 Nov 2013 21:58:32 GMT
Stocks edge lower after disappointing earnings
Tue, 19 Nov 2013 21:51:37 GMT
AP – Disappointing earnings news helped push the stock market lower on Tuesday. Electronics retailer Best Buy plunged after saying extended store hours and price-cutting could squeeze its fourth-quarter profit. …
Stocks edge lower after disappointing earnings
Tue, 19 Nov 2013 21:51:23 GMT
Stocks End Lower; Proto Labs, Salesforce Fall Again
Tue, 19 Nov 2013 21:24:00 GMT
Investor's Business Daily – Stocks End Lower; Proto Labs, Salesforce Fall Again
Stocks End Lower After Choppy Session
Tue, 19 Nov 2013 21:20:00 GMT
Morningstar – U.S. Market Stocks couldn't find a direction all day Tuesday and finished in the red. Corporate earnings reports and comments from Fed officials were in focus. Concerns about U.S. growth also came to the …
Related Posts
Also on Market Tamer…
Follow Us on Facebook