TJX (TJX) Offering Possible 6.38% Return Over the Next 22 Calendar Days

TJX's most recent trend suggests a bearish bias. One trading opportunity on TJX is a Bear Call Spread using a strike $77.50 short call and a strike $82.50 long call offers a potential 6.38% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $77.50 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 rose above the $82.50 long call 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 down which suggests that the medium-term momentum for TJX is bearish.

The RSI indicator is at 32.1 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for TJX

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.

3 Things Not Called Amazon.com That Crushed Department-Store Sales Last Quarter
Mon, 22 May 2017 16:43:00 +0000
A number of secular headwinds are pressuring department stores. But several short-term factors also hurt sales across the sector last quarter.

Where Does TJX Companies’ Valuation Stand?
Mon, 22 May 2017 14:36:54 +0000
As of May 17, TJX Companies was trading at a 12-month forward PE ratio of 18.8x. The company’s valuation multiple fell 5.9% to 18.5x on May 16.

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