Target Offering Possible 9.17% Return Over the Next 30 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 9.17% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.42 would be kept by the premium seller. The risk of $4.58 would be incurred if the stock rose above the $65.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Target 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 Target is bearish.

The RSI indicator is below 20 which suggests that the stock is in oversold 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 Target

[$$] Target Breach Adds to CEO's Sack of Woe
Fri, 24 Jan 2014 01:44:28 GMT
The Wall Street Journal – Target Corp.'s massive breach piles another weight on Chief Executive Gregg Steinhafel, who is already under pressure to stem losses from the chain's venture into Canada and keep store traffic from defecting….

Congress turns up heat on Target with hearings, document request
Fri, 24 Jan 2014 00:41:36 GMT
Reuters – WASHINGTON/NEW YORK, Jan 23 (Reuters) – Congress turned up the heat on Target Corp on Thursday, summoning the company's chief financial officer to testify at a Senate hearing, while Democrats on a House committee asked the No. 3 retailer to turn over a slew of documents related to its massive data breach. The vast scope of the hacking into the networks of Minneapolis-based Target during the holiday shopping season has raised the stakes for data security discussion in Congress, with numerous lawmakers now weighing in. John Mulligan, Target's executive vice president and CFO, will speak to the Senate Judiciary Committee on Feb. 4, in what likely will be the first time the retailer publicly answers questions about the unprecedented attack.

Target hackers will be tough to find
Fri, 24 Jan 2014 00:01:04 GMT
AAP – It doesn't surprise experts that some debit and credit card numbers stolen from Target's computer systems may have surfaced among nearly 100 fake credit cards seized by police in Texas. According to police in McAllen, Texas, two Mexican citizens arrested at the border used account information stolen during the pre-Christmas Target breach to buy tens of thousands of dollars' worth of merchandise. Target says hackers stole about 40 million debit and credit card numbers from cards swiped at its stores between November 27 and December 15. The thieves also took personal information – including email addresses, phone numbers, names and home addresses – for another 70 million people.

Business Highlights
Thu, 23 Jan 2014 22:35:51 GMT
AP – ___ US economy grows at 3.6 percent rate in 3rd quarter The U.S. economy grew at a 3.6 percent annual rate from July through September, the fastest since early 2012. But nearly half the growth came from …

A Death in the Database
Thu, 23 Jan 2014 22:32:25 GMT
The New Yorker – Last February, Ashley Seay was seventeen years old, a high-school junior studying cosmetology in a suburb of Chicago. Outgoing and empathetic, the middle child of five, she dispensed advice to her friends, …

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