Target (TGT) Offering Possible 9.89% Return Over the Next 9 Calendar Days

Target's most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $106.00 short put and a strike $101.00 long put offers a potential 9.89% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $106.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock dropped below the $101.00 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 above 80 which suggests that the stock is in overbought 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

How Target's Stock Rose 24% in August
Mon, 09 Sep 2019 23:18:00 +0000
The retail titan crushed Wall Street's bottom-line expectations in last month's second-quarter report.

Can Target Really Hold the Line on Tariffs?
Mon, 09 Sep 2019 21:00:00 +0000
The retailer's tough stance on passing along the tariff costs may not work in the real world.

Buy Lululemon (LULU) Stock at New Highs on Digital & Menswear Growth?
Mon, 09 Sep 2019 20:30:08 +0000
Breaking down Lululemon's (LULU) Q2 2019 financial results that wowed Wall Street last week. And why Lulu stock looks like a buy as it expands its digital, international, and menswear businesses to further challenge Nike (NKE) – Full-Court Finance.

Target Circle: 12 Things to Know About Target’s New Loyalty Program
Mon, 09 Sep 2019 18:32:59 +0000
Target Circle is a new loyalty program from the retailer.Source: Robert Gregory Griffeth / Shutterstock.com Here's what to know about Target's (NYSE:TGT) new loyalty program. * Target says that the loyalty program is free to sign up for and requires no membership fee. * It will also offer a wide range of benefits to those that take part in it. * This includes letting Target Circle members get in on special deals throughout the year. * Members of Target Circle will also get other special deal and perks personalized for them. * One of the perks that Target Circle members will be able to take advantage of is a special birthday surprise. * Another benefit is that customers earn 1% back on all Target visits. * Customers can redeem this at later visits. * Members of this loyalty program will also be able to decide how their local Target handles charities. * This is possible through a voting option that lets them help direct where local giving initiatives go to. * The retailer says that the Target Circle loyalty program is meant to complement Target RedCard. * The idea here is that it allows the company to reach out to all customers and not just those looking for a credit card. * It also notes that all RedCard members will automatically be signed up for Target Circle. * 7 Stocks to Buy In a Flat Market You can follow this link to see what other benefits Target Circle has for customers of the retail chain.InvestorPlace – Stock Market News, Stock Advice & Trading Tips More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 3 Artificial Intelligence Stocks to Buy * 7 Industrial Stocks to Buy for a Strong U.S. Economy * 3 Beaten-Down Bank Stocks to Buy and Hold for the Long Term As of this writing, William White did not hold a position in any of the aforementioned securities.The post Target Circle: 12 Things to Know About Target's New Loyalty Program appeared first on InvestorPlace.

Strong Jobs Data Gives us a Bullish Opportunity on Target
Mon, 09 Sep 2019 18:10:48 +0000
At the end of last week, Wall Street had been treated to two pieces of good news. First, it got word that the United States and China — like an on-again-off-again junior high couple — have once again decided to resume trade talks.Second, it heard from the Bureau of Labor Statistics (BLS) that the U.S. job market is strong.According to the BLS, the U.S. economy created 130,000 new jobs during August, unemployment is still at the incredibly low level of 3.7% and wages grew by a strong 3.2%.InvestorPlace – Stock Market News, Stock Advice & Trading TipsAll of this good news has sent stocks — especially consumer stocks, like Target (NYSE:TGT) — higher, and we're ready to take advantage of the bullish momentum with a new bullish trade on the name. The Strong Consumer In our recommendation on The Coca-Cola Company (NYSE:KO) from August, we mentioned the Conference Board's measure of consumer attitude toward the U.S. economy, which was at a 19-year high. With this new data from the BLS, it's easy to see why.Strong jobs and wage-growth numbers tell us U.S. consumers have even more money in their pockets. That extra income translates into extra confidence and extra spending. As we head into the all-important holiday shopping season, consumer stocks like TGT will benefit, making them that much more attractive to investors. Skyrocketing to Over $100 TGT skyrocketed higher last month after reporting stellar earnings. The company beat revenue expectations by $101.83 million and earnings expectations by $0.20 per share — coming in at $18.42 billion and $1.82 per share, respectively.TGT credits its strong performance to stronger-than-expected comparable sales growth and online sales growth. In other words, consumers are spending more money at TGT, both in its stores and online.You can see the stock's incredible gap higher if you look at the chart below. It ran into some resistance at around $106.50 before dropping back to new support at just below $104. Now it has pushed all the way up to $110 and established support at that $106.50, its old resistance level.Daily Chart of Target (TGT) — Chart Source: TradingViewThis dramatic leap higher is all very new, but it is promising. We recommend trading selling a put write on TGT to take advantage of this bullish sentiment.The $105 strike price runs right through the week-long consolidation range TGT went through after its post-earnings price jump. We expect this amazing uptrend on TGT to continue in the near term and for this consolidation range to serve as a strong support level.To find out which TGT covered calls we're selling–and to get access to our full portfolio of income-generating trades–sign up for a risk-free trial of Strategic Trader today.InvestorPlace advisers John Jagerson and S. Wade Hansen, both Chartered Market Technician (CMT) designees, are co-founders of LearningMarkets.com, as well as the co-editors of Strategic Trader.The post Strong Jobs Data Gives us a Bullish Opportunity on Target appeared first on InvestorPlace.

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