TJX (TJX) Offering Possible 5.26% Return Over the Next 21 Calendar Days

TJX's most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 5.26% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $52.50 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 79.26 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

Target CEO: US consumer is healthy
Wed, 23 Oct 2019 17:21:45 +0000
Target CEO Brian Cornell is bullish on the consumer ahead of the holiday season.

The Trickle-Down Effect: Decreased Spending Among the Wealthy Warns of an Economic Downturn
Tue, 22 Oct 2019 22:44:11 +0000
Declines in spending among the upper 10% threaten to speed up a recession Continue reading…

Retail-Discount Stores Outlook: Prospects Look Promising
Fri, 18 Oct 2019 14:34:02 +0000
Retail-Discount Stores Outlook: Prospects Look Promising

Why TJX Could Deliver Stock Price Growth
Tue, 15 Oct 2019 16:40:31 +0000
The company’s strategy may boost its financial performance Continue reading…

Ross expands by nearly 100 stores
Tue, 15 Oct 2019 12:47:35 +0000
Ross Stores, Inc. has followed through with its plan to expand by nearly 100 stores this year, adding 30 Ross Dress for Less and 12 dd's Discounts locations across 19 states in September and October for a total of 98 stores in fiscal year 2019. Together, Ross Dress for Less and dd's Discounts currently operate 1,811 off-price apparel and home fashion stores in 39 states, the District of Columbia and Guam. Jim Fassio, Ross Inc. president and chief development officer, said he is confident the company can grow to 2,400 Ross Dress for Less and 600 dd's Discounts locations over time.

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