Target (TGT) Offering Possible 7.84% Return Over the Next 16 Calendar Days

Target's most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $97.50 short call and a strike $103.00 long call offers a potential 7.84% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $97.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $5.10 would be incurred if the stock rose above the $103.00 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 41.09 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

NYC’s rich are paying limo drivers to deliver their mail to their Hamptons beach houses
Mon, 30 Mar 2020 21:23:00 +0000
A Manhattan limousine company has found a way to drive up some revenue now that the COVID-19 pandemic has pumped the brakes on car service around New York City: Have its drivers chauffeur their elite clientele’s mail and packages from their posh city penthouses to their Hamptons beach houses, where they’ve fled to self-isolate in style. “I had to be innovative,” Mark Vigliante, the president of M&V Limousine Limited, told Vice. Vigliante, who also owns Hampton Luxury Liner, an upscale bus service that would normally be ferrying people between Manhattan and Long Island, said that for “hundreds of dollars,” his drivers will pick up customers’ mail from their Upper East Side and Upper West Side apartments, and bring them to their homes out on the shore.

Coronavirus pandemic driving sales of small appliances for cooking, health and wellness
Mon, 30 Mar 2020 17:46:00 +0000
Experts and retailers say that shoppers are now spending on small appliances after a surge in food and other necessities due to the coronavirus pandemic.

S&P 500 Earnings May See First Double-Digit Drop in Decade
Mon, 30 Mar 2020 15:31:12 +0000
FactSet analysts predict the S&P 500 will report a 10% year-over-year decline in earnings for Q2 2020.

Coronavirus Crisis Boosts Grocery Apps Download: Stocks to Gain
Mon, 30 Mar 2020 14:36:02 +0000
With coronavirus spreading far and wide, more and more people are adopting online grocery delivery services in order to maintain social distancing

This Earnings Season Will Be One of the Worst on Record. Foot Traffic and Online Transactions Data Offer a Bit of Hope.
Sun, 29 Mar 2020 16:02:00 +0000
Foot traffic at retailers and online transactions offer a view of what’s happening across the economy—at malls, big-box retailers, supermarkets, and fast food.

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