TJX (TJX) Offering Possible 20.48% Return Over the Next 6 Calendar Days

This article was originally published on this site

TJX’s most recent trend suggests a bullish bias. One trading opportunity on TJX is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 20.48% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $77.50 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for TJX is bearish and the probability of a decline 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 65.04 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


The Pullback at Ross Stores, Inc. Is a Great Buying Opportunity
Thu, 08 Mar 2018 13:55:00 +0000
Ross Stores stock just went on sale, even though the company posted strong sales and earnings growth in the final quarter of fiscal 2017.

3 Top Retail Stocks to Buy in March
Wed, 07 Mar 2018 16:29:00 +0000
Five Below is one of several retailing businesses that proved resilient over the recent holiday season.

4 Cheap Retail Stocks That Can Outperform
Wed, 07 Mar 2018 16:20:00 +0000
Despite growth in e-commerce, traditional retailers are still kicking, creating bargain opportunities for value-investors.

3 Reasons to Buy This Dividend Aristocrat in the Making
Tue, 06 Mar 2018 23:22:00 +0000
This retailer needs just three more years of dividend raises before it meets the 25-year threshold.

Ruane Cunniff Comments on TJX
Tue, 06 Mar 2018 22:42:42 +0000
Guru stock highlight

Be Sociable, Share!

Related Posts