Target (TGT) Offering Possible 56.25% Return Over the Next 9 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $105.00 short call and a strike $110.00 long call offers a potential 56.25% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $105.00 by expiration. The full premium credit of $1.80 would be kept by the premium seller. The risk of $3.20 would be incurred if the stock rose above the $110.00 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 28.18 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

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Mon, 09 Mar 2020 19:44:33 +0000
Early spring isn’t exactly high season for events in the Twin Cities, but that doesn’t mean the spread of Coronavirus isn’t hurting the local hospitality industry.

3 Stocks to Trade Amid Coronavirus-Driven Panic Buying
Mon, 09 Mar 2020 13:18:46 +0000
Shoppers continue to stockpile everyday household items in preparation for coronavirus. Here are three stocks that may benefit.

Amazon launches business selling automated checkout to retailers
Mon, 09 Mar 2020 07:01:00 +0000
Amazon.com Inc on Monday is set to announce a new business line selling the technology behind its cashier-less convenience stores to other retailers, the company told Reuters. A new website Monday will invite others to inquire about the service, dubbed Just Walk Out technology by Amazon. The highly anticipated business reflects Amazon's strategy of building out internal capabilities – such as warehouses to help with package delivery and cloud technology to support its website – and then turning those into lucrative services it offers others.

Boomers and millennials both love Apple and Amazon, but here are the brands they don’t agree on
Sat, 07 Mar 2020 16:06:00 +0000
Millennials may not like “labels” in general, but they’re as hooked on Amazon as boomers and Gen X. Amazon (AMZN) was one of the few companies to be beloved across every age group, appearing in the top five for Gen Z/millennials, Gen X and baby boomers alike — and with boomers naming it their No. 1 brand overall.

Rear-view mirror: U.S. hiring boomed in February but coronavirus risks job cuts in future
Fri, 06 Mar 2020 17:27:11 +0000
In Florida, toy manufacturer Basic Fun, which sells to retailers such as Walmart, Target and Amazon , has plans to cut its operating budget by as much as 15%, which will result in layoffs for at least 10% of its workforce, Chief Executive Jay Foreman told Reuters. The company manufactures all of the toys at factories owned by its vendors in China, where the outbreak originated earlier this winter. Foreman says he is "losing a lot of sleep" as there is no clarity when the factories in China would be fully up and running and how the outbreak will impact overall consumer demand.

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