JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $87.00 short put and a strike $82.00 long put offers a potential 28.21% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.00 by expiration. The full premium credit of $1.10 would be kept by the premium seller. The risk of $3.90 would be incurred if the stock dropped below the $82.00 long put 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 78.29 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
Global M&A activity is slowing, but Japanese firms are aggressively acquiring overseas
Wed, 21 Jun 2017 06:46:46 +0000
Japanese firms will continue to acquire overseas assets more aggressively to increase their market share in the global economy, a JPMorgan report says.
Bitcoin eyes return to $3,000 as Ether edges lower
Tue, 20 Jun 2017 22:55:28 +0000
Investing.com – Bitcoin renewed its swing higher on Tuesday, as investor appetite for the digital currency returned while Ethereum struggled to hold onto gains.
BofA to repay released Arizona inmates for debit-card fees
Tue, 20 Jun 2017 21:35:23 +0000
Bank of America Corp. will repay tens of thousands of released Arizona prison inmates for what advocacy groups say were excessive charges to access money on debit cards they received when they got out …
Top 4 Bank Stocks for 2017
Tue, 20 Jun 2017 17:52:00 +0000
These four bank stocks have positive outlooks for 2017.
Jefferies' profit boosted by strong investment banking revenue
Tue, 20 Jun 2017 16:31:15 +0000
U.S. investment bank Jefferies Group LLC reported a 29.4 percent increase in quarterly profit on Tuesday, boosted by higher fees from advising on mergers and acquisitions and underwriting debt and equity …
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