Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $68.00 short put and a strike $63.00 long put offers a potential 16.55% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $68.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $63.00 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 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
The USD/JPY Prepares for a Breakout
Tue, 31 May 2016 18:35:00 GMT
DailyFX – The USD/JPY Prepares for a Breakout
Target Corporation (TGT): An Attractively Valued Dividend Champion on Sale
Tue, 31 May 2016 17:35:53 GMT
Target Dumps Its Curbside Pickup Program
Tue, 31 May 2016 17:00:07 GMT
Connemara Mining starts drilling on Donegal gold target
Tue, 31 May 2016 00:45:00 GMT
Brace for a Retail Stock Flop (TGT, M)
Fri, 27 May 2016 20:34:00 GMT
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