TJX (TJX) Offering Possible 7.53% Return Over the Next 37 Calendar Days

TJX’s most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $60.00 short put and a strike $55.00 long put offers a potential 7.53% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $60.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $55.00 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 79.13 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for TJX

Macy’s (M) Decent Holiday Sales Number Helps Lift Stock
Thu, 09 Jan 2020 13:43:01 +0000
Macy’s (M) off-price Backstage locations, Vendor Direct, Store Pickup, Loyalty Program and Growth150 stores are key catalysts.

TJX (TJX) Outpaces Stock Market Gains: What You Should Know
Wed, 08 Jan 2020 22:50:10 +0000
In the latest trading session, TJX (TJX) closed at $61.92, marking a +0.54% move from the previous day.

Ross Stores Hits New 52-Week High: What’s Driving the Rally?
Wed, 08 Jan 2020 14:02:02 +0000
Ross Stores (ROST) benefits from its robust initiatives including store-expansion plans and strength in its off-price business model. Also, the company’s solid comps trend is impressive.

Dollar General’s Better Pricing & Decent Comps to Fuel Sales
Tue, 07 Jan 2020 14:05:02 +0000
In spite of a tough retail landscape, Dollar General (DG) has been thriving, when many other traditional operators are finding it difficult to cope.

3 Reasons Why TJX Companies (TJX) Stock Appears Promising
Thu, 02 Jan 2020 14:32:02 +0000
TJX Companies’ (TJX) robust store & e-commerce businesses, and solid marketing plans bode well.

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