Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $87.00 short put and a strike $82.00 long put offers a potential 38.89% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.00 by expiration. The full premium credit of $1.40 would be kept by the premium seller. The risk of $3.60 would be incurred if the stock dropped below the $82.00 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 at 71.38 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
Solid Extra-Base Hit From GDP Breaks Up Otherwise Dull Week On Street
Wed, 29 Aug 2018 13:59:24 +0000
The new GDP number is a touch above Wall Street analysts’ average estimate of 4 percent, and could give the market further assurance that the economy remained strong in the April through June period. The Atlanta Fed’s GDP Now indicator, updated last week, pegs Q3 GDP growth at an impressive 4.6 percent.
What Target Had to Say About Customer Traffic, Spending, and Trade Wars
Wed, 29 Aug 2018 10:01:00 +0000
Highlights from the retailing giant's recent earnings call.
Why the Rally in Walmart Stock Is Fading
Tue, 28 Aug 2018 20:50:06 +0000
Walmart (NYSE:WMT) has ridden quite the roller coaster of late. WMT stock rose just shy of $110 in late January, buoyed by a strong market and hopes that it was becoming a worthy competitor to Amazon.com (NASDAQ:AMZN). It certainly didn’t seem like Amazon was at risk.
3 Reasons Why Walmart Stock Still Has More Upside
Tue, 28 Aug 2018 19:10:57 +0000
It’s been a red-hot summer for Walmart (NYSE:WMT). Walmart stock jumped 9% in response and Jim Cramer introduced the WANG stocks (albeit to mixed response). The bottom line was also impressive, with earnings per share coming to $1.29.
Top Stock Picks for the Week of August 27th
Tue, 28 Aug 2018 19:06:07 +0000
Two Retail Stocks Showing Strength.
Also on Market Tamer…
Follow Us on Facebook