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4TGT trade ideas

Target: Overextended Post-Earnings; Sell After Double PeakTarget surprised with solid earnings, as did similarly, Walmart. However these two behemoths in the retail sector represent minor happiness in a brutally decimated sector in retail. Due to the trade escalation, I believe Target will decrease more to the downside, particularly after being heavily overbought and overextended. However, always watch for the double peak and re-test of the high. In this case, I believe the 2nd peak will be slightly lower than the first but there is a slight possibility it forms of a double peak around 109.50. At this point I recommend investors hold until the 2nd peak re-test and from there I recommend you sell at-least 60-70% of your holdings as there will be a low chance Target surpasses 112-115.00. Waiting for the 2nd peak re-test will be your best chance for the highest possible profitability. - zSplit
NYSE:TGTShort
by PaulDeep19131
Target: Bullish Breakout on Earnings with UpsideEveryone is talking about the retail rally that got kicked off by TGT and HD and WMT earlier, but it's very clear to me that TGT is the clear winning security for pair traders. I'm also very confident that their rally is sustained and will withstand other market headwinds. Volume is HUGE. I bought in the day before earnings because I was confident that they would do well and it was the earliest I could without buying the dividend. I just didn't expect to wake up the next day having gained 20% over my initial first stage of scaling in capital! I usually have a litany of technical indicators like moving averages and convergence/divergence with MACD , relative strength index for price strength, rate of change for a quick momentum reading, Chaikin's money flow for volumn action, ADX and DI- and DI+ for trendedness, and relative strength comparison against the S&P 500 for a general market performance temperature of a stock. Well, welcome to a short lecture on my system, because all of them are flashing bullish so hard. If it weren't for a huge TGT fundamental and technical confirmation here on earnings , I'd be very wary, but I'll continue to allocate further capital towards them until I hit the ceiling of my risk management strategy. Trade on, and don't wait too much longer on this move! You may consider waiting for the first pullback, but you likely have only a couple of days to consider scaling in before this takes off completely.
NYSE:TGTLong
by chuckination
1
TARGET IS A STAND OUT WINNER IN RETAIL, BREAKOUT OPPORTUNITY. Sometimes we all get to distracted by the high flying an glitzy tech stocks and fades that come and go, one thing that is constant is we need to shop and TGT has revolutionised their approach to service so as to stay in touch with Walmart and Amazon. The retail sector has been a disaster this earnings session but target has rewarded investors with a 23% return in one month, it is now threatening to breakout to all time highs just like its competitor Walmart. Target trades at very competitive 15 P/E ratio which makes it even more compelling a case for investment, a break of resistance at $90 should attract extra investors and propel the stock to the $100 level.
NYSE:TGTLong
by RedHotStocks
Bearish credit call spread 85/87 June 28 for 1.16 creditTGT has clearly shown the first five parts of an elliot wave pattern, which indicate a peak and an ensued downtrend. This leads to a price target of $80 by June 27th. Max profit of $114/contract is reached at 84.72 and the breakeven is at 86.16. The maximum loss is $86/contract. This spread is 20 deltas negative, indicating our bearish sentiment. Technically, the bearish sentiment is further supported by a decreasing and negative MACD, a DMI- crossover of the DMI+, and the Parabolic Stop and Reverse indicator that switched to be over the candles.
NYSE:TGTShort
by LaurenTrading