TJX (TJX) Offering Possible 19.05% Return Over the Next 21 Calendar Days

TJX's most recent trend suggests a bearish bias. One trading opportunity on TJX is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 19.05% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock rose above the $80.00 long call 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 31.53 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

Thomas H. Kee Jr.: Our ‘overbought’ indicator for U.S. stocks is about to go off
Wed, 24 May 2017 23:05:40 +0000
It’s the first time that would happen this year.

Is Off-Price The Next Retail Sector To Go Off The Rails?
Wed, 24 May 2017 10:43:00 +0000
Amidst all the pain that the retail industry has endured over the past few years, off-price chains like T.J. Maxx, Burlington and Ross Stores have been one of the few shining stars. But recent events–and likely future forces–are throwing up a caution flag for investors.

Ross Stores Breaks Retail's Losing Streak
Tue, 23 May 2017 13:25:00 +0000
Department stores have posted terrible sales results lately, and even off-price giant TJX didn't have a great first quarter. But Ross Stores kept chugging along.

Edited Transcript of TJX earnings conference call or presentation 16-May-17 3:00pm GMT
Tue, 23 May 2017 01:00:49 +0000
Q1 2018 TJX Companies Inc Earnings Call

Consumer Sector Post-Earnings Coverage for May 15–19, 2017
Mon, 22 May 2017 20:07:13 +0000
The Home Depot (HD), an Atlanta-based home improvement retailer, posted strong 1Q17 results on May 16, 2017, surpassing Wall Street estimates.

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