TJX (TJX) Offering Possible 15.74% Return Over the Next 16 Calendar Days

TJX's most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 15.74% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $4.32 would be incurred if the stock dropped below the $65.00 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 68.43 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

Retail Sales Jump in August: 5 Solid Stocks to Buy (Revised)
Tue, 28 Sep 2021 09:26:09 +0000
Rising fears over the pandemic once again saw people relying more on e-commerce in August, driving stocks like COST, TJX, CPRI, FL and GCO.

The TJX Companies (TJX) Looks Great: HomeGoods Unit a Key Driver
Mon, 27 Sep 2021 15:09:03 +0000
The TJX Companies' (TJX) HomeGoods segment is witnessing impressive growth. The company is committed toward boosting growth through effective marketing initiatives.

4 Stocks to Buy as E-commerce Holiday Sales Are Poised to Grow
Wed, 22 Sep 2021 13:51:01 +0000
Invest in names like Revolve Group (RVLV), Signet Jewelers (SIG), TJX Companies (TJX) and Walmart (WMT) as e-commerce looks ready to boost holiday retail sales in the United States.

Burlington Stock Pulls Back as Growth Accelerates
Tue, 21 Sep 2021 13:20:00 +0000
The off-price retailer is in the midst of opening 60 new stores in the span of two months, but Burlington stock has fallen about 15% since mid-August.

Retail Sales Jump in August: 5 Solid Stocks to Buy
Mon, 20 Sep 2021 12:31:12 +0000
Rising fears over the pandemic once again saw people relying more on e-commerce in August, driving stocks like COST, TJX, CPRI, FL and GCO.

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