Target (TGT) Offering Possible 18.76% Return Over the Next 30 Calendar Days

Target’s most recent trend suggests a bearish bias. One trading opportunity on Target is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 18.76% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.79 would be kept by the premium seller. The risk of $4.21 would be incurred if the stock rose above the $80.00 long call 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 down which suggests that the medium-term momentum for Target is bearish.

The RSI indicator is at 23.98 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

Target Reports Earnings Tomorrow. Here’s What to Expect.
Tue, 21 May 2019 09:30:00 +0000
Investors will be looking next to its first-quarter financial results, which will be released Wednesday before the market’s open. Target stock (ticker: TGT) is up about 9% 2019 through Monday’s close at $72.08, trailing the S&P 500. • In March, management told investors to expect GAAP earnings—using standard accounting methods—and adjusted earnings between $1.32 and $1.52 a share on same-store sales growth in the low- to mid-single digits.

Q1 Earnings Preview: Lowe’s (LOW), Best Buy (BBY) & Ross Stores (ROST)
Mon, 20 May 2019 22:47:10 +0000
Let’s see what to expect from Lowe’s (LOW), Best Buy (BBY) & Ross Stores’ (ROST) quarterly earnings results amid an extremely busy week for the retail industry.

Walmart, Target, Bed Bath must face lawsuit over fake ‘Egyptian’ cotton – New York judge
Mon, 20 May 2019 22:09:11 +0000
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labelled “100% Egyptian Cotton” or “100% Long-Staple Egyptian cotton” despite being suspicious of their origin. Monday’s decision by U.S. District Judge Vincent Briccetti in White Plains, New York, addressed claims that consumers nationwide overpaid for mislabelled cotton produced by an Indian textile company, Welspun India Ltd. Egyptian cotton often commands a premium price because of its prestige, and because its long fibres yield a finer, lighter, softer and more durable fabric.

Walmart, Target, Bed Bath must face lawsuit over fake ‘Egyptian’ cotton: NY judge
Mon, 20 May 2019 22:06:43 +0000
A federal judge said Walmart Inc, Target Corp and Bed Bath & Beyond Inc must face a lawsuit claiming they sold linens that were falsely labeled “100% Egyptian Cotton” or “100% Long-Staple Egyptian cotton” despite being suspicious of their origin. Monday’s decision by U.S. District Judge Vincent Briccetti in White Plains, New York, addressed claims that consumers nationwide overpaid for mislabeled cotton produced by an Indian textile company, Welspun India Ltd. Egyptian cotton often commands a premium price because of its prestige, and because its long fibers yield a finer, lighter, softer and more durable fabric.

Internet retailers like Amazon are cutting delivery times. What about Wayfair?
Mon, 20 May 2019 18:15:54 +0000
Amazon.com’s disclosure that it’s working to upgrade two-day delivery for Prime customers to one-day delivery is causing online retailers to consider joining the race in getting goods to customers as quickly as possible. At least one analyst has raised the question of whether Wayfair (NYSE: W) should also be in that race.

Be Sociable, Share!

Related Posts