Target (TGT) Offering Possible 22.85% Return Over the Next 14 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $125.00 short call and a strike $135.00 long call offers a potential 22.85% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $125.00 by expiration. The full premium credit of $1.86 would be kept by the premium seller. The risk of $8.14 would be incurred if the stock rose above the $135.00 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 at 75.38 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

Is Target Stock A Buy Right Now, After Being Named A 'Best Idea' For 2020?
Wed, 04 Dec 2019 21:35:35 +0000
Despite pressure from rival retailers, Target remains a leader in its group. Here is what the fundamentals and technical analysis say about buying Target stock now.

3 Secrets To Target's Recent Success You May Have Overlooked
Wed, 04 Dec 2019 21:05:00 +0000
Cowen's deep dive into Target's digital business uncovered three key reasons why robust growth is likely to continue.

Target Option Traders Turn Bearish Following Big Holiday Shopping Weekend
Wed, 04 Dec 2019 18:20:40 +0000
Shares of Target Corporation (NYSE: TGT) are up 89% year to date, making it one of the top-performing stocks in the retail sector. On Tuesday at 9:01 a.m., a trader sold 668 Target call options with an $131 strike price expiring on Jan. 3 near the bid price at 74.1 cents. On Tuesday at 10:12 a.m., a trader sold 1,238 Target call options with a $135 strike price expiring on Jan. 17 near the bid price at $1.011.

Kroger (KR) to Report Q3 Earnings as Amazon Guns for Supermarket Space
Wed, 04 Dec 2019 17:15:05 +0000
Kroger (KR) will report its third quarter financial performance before the opening bell on Thursday, December 5.

Nike, Alcoa, Amazon, Target and Best Buy highlighted as Zacks Bull and Bear of the Day
Wed, 04 Dec 2019 15:42:33 +0000
Nike, Alcoa, Amazon, Target and Best Buy highlighted as Zacks Bull and Bear of the Day

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