TJX's most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 6.38% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $67.50 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 up which suggests that the medium-term momentum for TJX is bullish.
The RSI indicator is at 77.13 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
10 retailers outperforming their beleaguered peers
Sun, 06 Mar 2016 19:08:46 GMT
TJX Companies’ Stock Reaction and Dividend Announcement after 4Q16 Results
Sun, 06 Mar 2016 16:05:52 GMT
Ross Stores’ Fiscal 4Q15 Sales Rise as Consumers Grab Value Deals
Fri, 04 Mar 2016 15:35:25 GMT
TJX Companies’ Outlook: Wage and Currency Headwinds Ahead?
Thu, 03 Mar 2016 13:07:06 GMT
[$$] Ross Stores: Rare Winner Amid the Retail Rubble
Wed, 02 Mar 2016 22:06:00 GMT
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