Target (TGT) Offering Possible 8.23% Return Over the Next 7 Calendar Days

Target’s most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $227.50 short put and a strike $222.50 long put offers a potential 8.23% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $227.50 by expiration. The full premium credit of $0.38 would be kept by the premium seller. The risk of $4.62 would be incurred if the stock dropped below the $222.50 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 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

Target (TGT) Hikes Dividend: Here’s What Else You Should Know
Thu, 10 Jun 2021 10:48:10 +0000
Target (TGT) has time and again highlighted its commitment to enhancing shareholder value. The company hikes quarterly dividend by 32.4%.

Target Corporation Gives Shareholders 32.4% Hike in Quarterly Dividend; Shares Fall 1.3%
Thu, 10 Jun 2021 08:23:08 +0000
Target Corporation (TGT), one of the largest retailers in the United States, has hiked its quarterly dividend by 32.4% to $0.90 per share. Shares of the company fell 1.3% to close at $231.94 on June 9. Target’s annual dividend of $3.6 per share now reflects a dividend yield of 1.6%. Target Corporation CFO Michael Fiddelke said, “Given strong operating performance and cash generation, our business is well-positioned to support this robust increase in the dividend, even as we ramp up capital inves

Dow books 3rd day of losses, S&P 500 retreats from record as stocks lose ground ahead of inflation update
Wed, 09 Jun 2021 20:26:00 +0000
U.S. stock benchmarks closed lower Wednesday, losing ground in last half-hour of trade, ahead of an eagerly awaited inflation report due Thursday.

Target and Walmart Aren’t Letting Amazon Bask in Its Prime Day Glory
Wed, 09 Jun 2021 14:27:40 +0000
When we think of large-scale shopping events, our minds tend to land on Black Friday, Cyber Monday, and Amazon Prime Day. This year, Amazon’s (NASDAQ: AMZN) mega sales event will kick off on Monday, June 21, and last through Tuesday, June 22. Of course, there’s no better time than the present to run an online shopping event.

Target Hikes Quarterly Dividend by 32%
Wed, 09 Jun 2021 14:22:35 +0000
Target Corporation (NYSE: TGT) announced a quarterly dividend of $0.90 per common share. The latest move represents a 32.4% increase from the previous dividend of $0.68. With the increase announced today, 2021 is on track to be the 50th consecutive year in which Target has increased its annual dividend. “We first look to invest fully in our business, in projects that meet our strategic and financial criteria. We then look to support our dividend and build on our record of increasing the annual d

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