TJX (TJX) Offering Possible 5.26% Return Over the Next 10 Calendar Days

TJX's most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 5.26% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $82.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for TJX 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 TJX is bullish.

The RSI indicator is at 77.49 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 TJX

Burlington Stores Stock Soars on Impressive First-Quarter Earnings
Thu, 31 May 2018 15:55:01 +0000
Burlington Stores stock was up 8.4% as of 11:15 AM EST today in reaction to better-than-expected results for the first quarter, which ended on May 5. The off-price retailer generated net sales of $1.52 billion, exceeding analysts’ expectation of $1.49 billion. Burlington Stores’ sales grew 12.8% on a year-over-year basis.

How Analysts Reacted to Ross Stores’ Q1 Results
Wed, 30 May 2018 13:02:25 +0000
Some analysts revised their price targets for Ross Stores (ROST) stock after the company announced its fiscal first-quarter results after the markets closed on May 24. On May 25, Deutsche Bank lowered its price target to $91.00 from $94.00. Jefferies raised its price target to $76.00 from $73.00, and J.P. Morgan increased its price target to $92.00 from $91.00.

See what the IHS Markit Score report has to say about TJX Companies Inc.
Wed, 30 May 2018 12:00:42 +0000
TJX Companies Inc NYSE:TJX

Ross Stores’ Q1 Gross Margin Rose, but Its Operating Margin Fell
Wed, 30 May 2018 11:33:41 +0000
Ross Stores’ (ROST) gross margin grew about 20 basis points on a year-over-year basis to 29.7% in its fiscal first quarter. The company’s gross margin benefited from 30 basis points of higher merchandise margin as well as a decline of 15 basis points in distribution costs resulting from the shift in timing of packaway-related expenses to the fiscal second quarter. Its gross margin also benefited from its leverage of 15 basis points in occupancy costs. 

Ross Stores’ Off-Price Model Helps Deliver Strong Q1 Sales
Tue, 29 May 2018 20:45:11 +0000
Ross Stores (ROST) generated sales of $3.59 billion in the fiscal first quarter, ahead of the analysts’ expectation of $3.54 billion. Ross Stores’ sales grew 8.5% on a year-over-year basis in the fiscal first quarter while its same-store sales were up 3.0%.

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