Third Quarter Earnings Preview For Retailer Target (TGT)





Target (NYSE: TGT) opened at $49.30. So far today, the stock has hit a low of $49.25 and a high of $50.00. TGT is now trading at $49.70, up $0.71 (1.45%). The stock hit its 52-Week high of $51.77 last month and set its 52-Week low of $25.00 in March. Target is scheduled to release its third quarter earnings tomorrow and analysts are expecting the company to post earnings of 50 cents per share. For the same period last year the company had earnings of 49 cents per share. Technical indicators for the stock are neutral and S&P gives TGT a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on TGT the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]



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Target (TGT) Showing Bearish Technicals With Resistance At $51.52

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Target (TGT) Showing Bearish Technicals With Support At $50.17

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Target (TGT) Showing Bearish Technicals But Could Fall Through $49.11 Support

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Hedged Trade Ideas For TGT:

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