Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $100.00 short put and a strike $95.00 long put offers a potential 13.64% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $100.00 by expiration. The full premium credit of $0.60 would be kept by the premium seller. The risk of $4.40 would be incurred if the stock dropped below the $95.00 long put 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 at 43.96 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
Coronavirus-Induced Stockpiling Boosts These 5 Retailers
Tue, 24 Mar 2020 13:52:01 +0000
The current stockpiling is boosting recession-resistant consumer staples sector and in turn helping several retailers rally. Here are five stocks to watch.
Dollar General, CVS Each Plan to Add 50,000 Jobs. Here’s Who Else Is Hiring.
Mon, 23 Mar 2020 22:08:00 +0000
While some companies have had layoffs due to the coronavirus pandemic, other businesses are swamped by the heightened demand for home essentials and medical supplies.
Book of Value: 2 Ways to Value a Business
Mon, 23 Mar 2020 19:46:49 +0000
Using market or intrinsic valuation to figure out what to pay for a company or its stock Continue reading…
PRESS DIGEST- New York Times business news – March 23
Mon, 23 Mar 2020 04:55:39 +0000
Walmart ups minimum wage in e-commerce warehouses by $2 as orders surge on virus worries
Mon, 23 Mar 2020 04:04:56 +0000
Walmart Inc said on Monday it has temporarily raised entry wages for workers in its e-commerce warehouses by $2, following similar moves by rivals, as it attempts to manage a shopping surge brought about by the coronavirus outbreak. Walmart said the hike will increase entry wages for workers in e-commerce fulfillment centers or warehouses to between $15 and $19 an hour effective immediately through Memorial Day, a holiday in the United States that falls on May 25 this year. The world's largest retailer, which employs 1.5 million people in the United States, has struggled to keep store shelves stocked and fulfill online orders amid panic-buying by shoppers spooked by the outbreak.
Also on Market Tamer…
Follow Us on Facebook