Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $105.00 short put and a strike $97.50 long put offers a potential 10.29% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.70 would be kept by the premium seller. The risk of $6.80 would be incurred if the stock dropped below the $97.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Target 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 Target is bullish.
The RSI indicator is at 68.7 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 Target
Chipotle Q3 Earnings Preview: Buy Soaring CMG Stock on Continued Sales Growth?
Tue, 15 Oct 2019 23:23:11 +0000
Shares of Chipotle have skyrocketed over 90% in 2019. Now with Chipotle set to release its Q3 2019 financial results on Tuesday, October 22, let's dive into some estimates and fundamentals to see if investors should consider buying CMG stock right now…
Big Bank & Healthcare Earnings, Netflix Q3 Preview & Buy Lululemon Stock – Free Lunch
Tue, 15 Oct 2019 18:49:06 +0000
Breaking down some of Tuesday's major Q3 earnings results from giants such as JPMorgan Chase and UnitedHealth. A look at what to expect from Netflix's third quarter financials Wednesday. And why Lululemon is a Zacks Rank 1 (Strong Buy) stock…
4 Retailers Set to Stand Tall This Earnings Season
Tue, 15 Oct 2019 15:29:03 +0000
Per the latest Earnings Outlook, Retail-Wholesale sector is anticipated to witness top-line growth of 8.4%. Players in the sector are gaining strength from efforts to grab a bigger share on attributes such as price, products and speed to market.
Exclusive: Here's where Sprouts may open next in metro Orlando, sources say
Tue, 15 Oct 2019 14:27:00 +0000
A Phoenix-based niche grocery chain may be headed to Winter Garden. Sprouts Farmers Market Inc. (Nasdaq: SFM) is in discussions to open a new location southwest of Colonial Drive and Daniels Road, according to real estate sources. It would be the fourth Sprouts store in Central Florida.
Is Target (TGT) a Great Value Stock Right Now?
Tue, 15 Oct 2019 13:10:01 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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