Target (TGT) Offering Possible 19.62% Return Over the Next 35 Calendar Days

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Target’s most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $240.00 short put and a strike $220.00 long put offers a potential 19.62% return on risk over the next 35 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $240.00 by expiration. The full premium credit of $3.28 would be kept by the premium seller. The risk of $16.72 would be incurred if the stock dropped below the $220.00 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’s back-to-school plan includes tax-free weekends and items priced under $1
Thu, 15 Jul 2021 11:18:56 +0000
Target Corp. unveiled its back-to-school plan on Thursday, with tax-free weekends, discounts for teachers with the return of the Teacher Prep event July 18 through July 31, and more. Most of the retailer’s back-to-school collection (80%) is priced below $10, including notebooks for 99 cents and pillows from the Room Essentials collection for $4. Target says last year was the company’s biggest back-to-school and back-to-college season. Target stock has rallied 43.7% for the year to date while the

Target Readies for Highly Anticipated Back-to-School and College Season
Thu, 15 Jul 2021 11:00:00 +0000
Target Corporation (NYSE: TGT) today announced it is ready to deliver an unparalleled shopping experience for the upcoming back-to-school and college season. Following last year’s demand, the retailer is offering more inventory on popular items, a superior shopping experience complete with unmatched fulfillment options, and an assortment of owned and national brands at only-at-Target prices.

Target (TGT) Outpaces Stock Market Gains: What You Should Know
Wed, 14 Jul 2021 21:45:09 +0000
Target (TGT) closed the most recent trading day at $253.63, moving +0.75% from the previous trading session.

The Child Tax Credit will boost spending at Walmart, Amazon, Wingstop and other consumer brands
Wed, 14 Jul 2021 19:40:00 +0000
Cowen analysts call the Child Tax Credit an “underappreciated stimulus” that sparks all sorts of discretionary spending.

Buy These 3 Stocks Before Another Market Dip
Tue, 13 Jul 2021 10:00:00 +0000
Disney (NYSE: DIS) shares managed to outperform the S&P 500 last year — even as many of Disney’s parks were closed and the company swung to a loss. Knowing the strength of the Disney brand, investors bet right from the start on a recovery. As of mid-June, Disney reopened all of its parks.

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