TJX (TJX) Offering Possible 12.36% Return Over the Next 29 Calendar Days

TJX's most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 12.36% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $55.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $50.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for TJX 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 up which suggests that the medium-term momentum for TJX is bullish.

The RSI indicator is at 69.45 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 Reports Earnings Today. Here’s What to Expect.
Wed, 19 Aug 2020 09:03:00 +0000
The company’s second-quarter earnings, due on Wednesday, could help reassure investors that TJX Cos. is down because of the coronavirus pandemic, but not out.

Retail Stock Q2 Earnings Roster for Aug 19: TGT, LOW & TJX
Tue, 18 Aug 2020 14:45:02 +0000
Retailers dealing in food and other household products are likely to have benefited from consumers' shift in buying behavior and spending pattern due to the pandemic.

Ross Stores Reports Earnings This Week. Why One Analyst Just Upgraded Its Stock.
Mon, 17 Aug 2020 18:26:00 +0000
Telsey Advisory Group’s Dana Telsey says that although the pandemic did hit the stocks of Burlington Stores, TJX, and Ross Stores, it is only a matter of time before they regain momentum.

7 Retail Behemoths Likely to Win Big on Q2 Earnings This Week
Mon, 17 Aug 2020 10:28:10 +0000
We have narrowed down our search to seven large-cap (market capital > $10 billion) retail stocks that are slated to report earnings results this week.

3 Things to Watch in the Stock Market This Week
Sat, 15 Aug 2020 13:44:00 +0000
Home Depot is one of several big-name stocks set to announce earnings results over the next few trading days.

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