JP Morgan's most recent trend suggests a bearish bias. One trading opportunity on JP Morgan is a Bear Call Spread using a strike $87.00 short call and a strike $92.00 long call offers a potential 20.48% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $87.00 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 rose above the $92.00 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan 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 JP Morgan is bullish.
The RSI indicator is at 45.67 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 JP Morgan
European Markets Gain, FTSE Tests New Highs, as Global Stocks Recover
Fri, 13 Jan 2017 08:46:00 GMT
UK names banks to launch new 40-year gilt via syndicate
Fri, 13 Jan 2017 08:23:58 GMT
Reuters – UK Focus – Citi, HSBC, J.P. Morgan and Santander will act as joint book-runners for the launch of a new 40-year British government bond via a syndication later this month, the UK Debt Management Office said on Friday. …
J.P. Morgan earnings: Expect a strong trading quarter and improved credit markets
Fri, 13 Jan 2017 08:13:05 GMT
Is Amazon’s new credit card for Prime members worth it?
Fri, 13 Jan 2017 08:05:05 GMT
[$$] Big-Bank Earnings: What Not to Look At
Fri, 13 Jan 2017 05:17:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook