Target (TGT) Offering Possible 15.21% Return Over the Next 6 Calendar Days

Target’s most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $67.50 short put and a strike $62.50 long put offers a potential 15.21% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $67.50 by expiration. The full premium credit of $0.66 would be kept by the premium seller. The risk of $4.34 would be incurred if the stock dropped below the $62.50 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 67.48 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Target

[$$] New Target CFO Will Have to Sustain Retailer’s Turnaround Pace
Fri, 11 Jan 2019 01:34:38 +0000
Target Corp. is launching its search for a new finance chief at a crucial time: After a strong holiday season, the Minneapolis-based retailer needs to keep the momentum going while experimenting with new ways to reach its customers to compete with e-commerce rivals. The store operator announced Thursday that Chief Financial Officer Cathy Smith plans to step down once a successor has been named and move on to an advisory role until May 2020. Ms. Smith, who became Target’s CFO in 2015 after stints at Express Scripts Holding Co., Walmart Inc. and GameStop Corp., said she intends to spend more time with her family.

Strong economy does little to lift department store sales
Fri, 11 Jan 2019 00:22:35 +0000
It was supposed to be a great holiday shopping season. Many investors had expected department stores to enjoy robust sales in light of a U.S. economy buoyed by low unemployment, higher wages, strong consumer confidence and cheap gas. Macy’s saw only a slight increase of 1.1 percent in sales during November-December at stores opened at least year.

Macy’s cuts profit, sales forecast after weak holiday season
Thu, 10 Jan 2019 23:59:12 +0000
Macy’s said its sales slowed after a good start to the holidays, and flagged particular weakness in women’s sportswear, sleepwear, fashion jewelry, fashion watches and cosmetics. Its comparable sales over the critical November and December months rose 1.1 percent. Department stores in recent quarters had shown signs they were finding ways to cope with declining mall traffic and tough competition from online seller Amazon.com Inc (AMZN.O).

Industrials lead US stocks higher again; Macy’s nosedives
Thu, 10 Jan 2019 22:52:43 +0000
Industrial companies like Boeing and General Electric rose while retailers fell as Macy’s suffered its biggest loss of all time. Transportation and machinery companies climbed after the U.S. Trade Representative said China agreed to buy more agricultural and manufactured products. Macy’s said its sales over the holidays were worse than expected and slashed its annual profit and sales forecasts.

Macy’s Holiday Troubles Are Giving Retail Investors 2019 Jitters 
Thu, 10 Jan 2019 22:30:00 +0000
Investors entered the holidays with both optimism and trepidation, knowing that this might be the last hurrah of the economic recovery — a kind of peak Christmas. Thursday’s jarring results cast doubt on that premise, as a strong economy and high consumer confidence failed to translate into a standout year-end for every store. Slowing sales and more pressure on profit margins will no doubt increase the divide between the winners and losers in the retail industry.

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