Target (TGT) Offering Possible 38.5% Return Over the Next 15 Calendar Days

This article was originally published on this site

Target’s most recent trend suggests a bullish bias. One trading opportunity on Target is a Bull Put Spread using a strike $88.00 short put and a strike $83.00 long put offers a potential 38.5% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $88.00 by expiration. The full premium credit of $1.39 would be kept by the premium seller. The risk of $3.61 would be incurred if the stock dropped below the $83.00 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 at 75.55 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 Target

Fintech Varo Money gets preliminary approval to start first mobile-only national bank
Tue, 04 Sep 2018 21:33:47 +0000
It’s a big step forward for both Varo and those that want banking to be more accessible and innovative.

Target’s Comps Could Grow More in 2018
Tue, 04 Sep 2018 20:30:03 +0000
Target (TGT) has impressed investors with its sales growth rate in the first two quarters of fiscal 2018. Expansion of fulfillment options, new and exclusive brand launches, store remodeling, and opening small-format stores drove the exceptional growth in the company’s traffic and sales.

Target Stock: Analysts’ Recommendations
Tue, 04 Sep 2018 19:00:02 +0000
Analysts have a consensus target price of $89.06 per share on Target (TGT) stock, which indicates an upside of ~2% based on its closing price of $87.50 on August 31. Note that the consensus target price includes the upward revisions made by multiple analysts following the company’s stellar fiscal second-quarter earnings.

Target Stock Has Risen ~34% in 2018
Tue, 04 Sep 2018 17:27:38 +0000
Strong comps growth led by a record rise in traffic, expansion of digital fulfillment options, and benefits from lower taxes following the tax reforms are driving Target’s top and bottom-line growth. Will the uptrend in the Target stock continue to hold? Target stock trades at 16.2x the fiscal 2018 estimated EPS of $5.40.

Target touts more toys for holidays — but it’s not alone
Tue, 04 Sep 2018 16:57:11 +0000
After its second-quarter earnings announcement, Target reiterated its goals to snag market share in the toy and baby categories, following the closures of nearly 800 Toys R Us and Babies R Us stores earlier this year.

Be Sociable, Share!

Related Posts