TJX (TJX) Offering Possible 16.55% Return Over the Next 8 Calendar Days

view original post

TJX’s most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $68.00 short put and a strike $63.00 long put offers a potential 16.55% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $68.00 by expiration. The full premium credit of $0.71 would be kept by the premium seller. The risk of $4.29 would be incurred if the stock dropped below the $63.00 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 75.44 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 TJX

TJX (TJX) Stock Moves -0.3%: What You Should Know
Tue, 09 Nov 2021 22:45:10 +0000
In the latest trading session, TJX (TJX) closed at $69.68, marking a -0.3% move from the previous day.

10 Shopping Stocks to Buy in Holiday Season
Sun, 07 Nov 2021 13:43:49 +0000
In this article, we discuss the 10 shopping stocks to buy in the holiday season. If you want to skip our detailed analysis of these stocks, go directly to the 5 Shopping Stocks to Buy in Holiday Season. Several key trends that are expected to shape the market in the upcoming holiday season provide meaningful […]

These Massachusetts companies have the most women in the C-suite
Thu, 04 Nov 2021 18:44:11 +0000
Forty-seven companies had at least three women directors and 19 had at least three women executive officers as of June 30, according to the Boston Club’s latest annual census.

TJX (TJX) Outpaces Stock Market Gains: What You Should Know
Wed, 03 Nov 2021 21:45:09 +0000
In the latest trading session, TJX (TJX) closed at $68.43, marking a +1.65% move from the previous day.

The TJX Companies, Inc. to Report Q3 FY22 Results November 17, 2021
Wed, 03 Nov 2021 15:00:00 +0000
FRAMINGHAM, Mass., November 03, 2021–The TJX Companies, Inc. (NYSE: TJX) today announced that it plans to release its third quarter Fiscal 2022 sales and earnings results on Wednesday, November 17, 2021, before 9:30 a.m. ET.

Be Sociable, Share!

Related Posts