Joy Global (JOYG) Offering Possible 20.19% Return Over the Next 26 Calendar Days

Joy Global's most recent trend suggests a bullish bias. One trading opportunity on Joy Global is a Bull Put Spread using a strike $46.50 short put and a strike $41.50 long put offers a potential 20.19% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $46.50 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $4.16 would be incurred if the stock dropped below the $41.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Joy Global 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 Joy Global is bullish.

The RSI indicator is at 34.54 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 Joy Global

10-K for Joy Global, Inc.
Mon, 22 Dec 2014 00:07:35 GMT

JOY GLOBAL INC Files SEC form 10-K, Annual Report
Fri, 19 Dec 2014 21:10:27 GMT

Caterpillar Machine Sales Plunge Again In Asia
Thu, 18 Dec 2014 17:54:00 GMT

Joy Global (JOYG) Earnings Report: Q4 2014 Conference Call Transcript
Thu, 18 Dec 2014 15:30:00 GMT

Will This Price Target Decrease Hurt Joy Global (JOY) Stock Today?
Thu, 18 Dec 2014 14:12:00 GMT

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