TJX (TJX) Offering Possible 14.94% Return Over the Next 9 Calendar Days

TJX's most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $42.50 short put and a strike $37.50 long put offers a potential 14.94% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $42.50 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $37.50 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 down which suggests that the medium-term momentum for TJX is bearish.

The RSI indicator is at 55.5 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

Three stocks to buy during the coronavirus crash — besides the usual suspects
Mon, 06 Apr 2020 18:36:00 +0000
DEEP DIVE The COVID-19 pandemic has taken the U.S. economy from near-record-low unemployment to mass layoffs and firings. It’s too soon to predict a rebound, but there are quality companies available now at discounted prices, setting up money-making opportunities for patient investors.

Ross Stores, Inc. — Moody's affirms Ross Stores A2 senior unsecured rating; assigns A2 to proposed senior unsecured notes offering
Thu, 02 Apr 2020 15:05:12 +0000
Moody's Investors Service, (“Moody's”) today affirmed Ross Stores, Inc.'s (“Ross”) senior unsecured rating at A2 and assigned a rating of A2 to its proposed senior unsecured notes offering. “Its excellent liquidity will enable the company to navigate the unprecedented disruption caused by the coronavirus pandemic and the potential for suppressed consumer demand”, Boni added.

Buybacks Are Coming Under Pressure. These Stocks Could Suffer.
Wed, 01 Apr 2020 10:00:00 +0000
Companies that have already spent large amounts of money on buybacks are very likely to dramatically reduce their repurchases, an analyst warns.

TJX Companies, Inc. (The) — Moody's changes TJX's outlook to negative; assigns A2 to proposed senior unsecured notes
Mon, 30 Mar 2020 14:33:12 +0000
Moody's Investors Service (“Moody's”) today affirmed TJX Companies, Inc. (The) (“TJX”) senior unsecured rating at A2 and commercial paper rating at Prime-1. Ratings could be downgraded if financial policies become more aggressive or operating performance remains pressured such that debt/EBITDA was sustained above 2.5x or retained cash flow/ net debt was sustained below 30%.

5 Retailers Predicted to Boost Earnings
Fri, 27 Mar 2020 17:24:18 +0000
L Brands on the list Continue reading…

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