TJX (TJX) Offering Possible 30.95% Return Over the Next 14 Calendar Days

TJX's most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $54.50 short put and a strike $49.00 long put offers a potential 30.95% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $54.50 by expiration. The full premium credit of $1.30 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $49.00 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 above 80 which suggests that the stock is in overbought territory.

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

DG vs. TJX: Which Stock Is the Better Value Option?
Wed, 03 Jun 2020 15:40:03 +0000
DG vs. TJX: Which Stock Is the Better Value Option?

More consumers are willing to head back to stores than to dine out at restaurants, S&P Global finds
Tue, 02 Jun 2020 19:48:00 +0000
A new study shows consumers are ready to head back to stores, though the restaurant business may suffer for a longer period after the coronavirus lockdowns.

Looting at Macy's, Target and other retailers is just one reason to avoid retail stocks
Tue, 02 Jun 2020 19:38:58 +0000
Retail is in a brutal spot right now.

FOCUS-Sell, stow or dump? Retailers wrestle with mountain of unsold stock
Tue, 02 Jun 2020 06:00:00 +0000
A mountain of apparel stock has been piling up in stores, distribution centers, warehouses and even shipping containers during months of COVID-19 lockdowns. Keep it in storage, hold a sale, offload it to “off-price” retailers like TJ Maxx which sell branded goods at deep discounts, or move it to online resale sites. Real estate company Knight Frank told Reuters it had fielded inquiries for excess stock for over 6 million square feet(557,500 square meters) of short-term let warehouse space in Britain since the pandemic took hold there in March.

The COVID-19 Losses Pile Up
Mon, 01 Jun 2020 04:01:31 +0000
But the fashion companies revealed even more about themselves and the industry with tough quarterly updates.

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