Comerica (CMA) Offering Possible 7.3% Return Over the Next 30 Calendar Days

Comerica's most recent trend suggests a bullish bias. One trading opportunity on Comerica is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 7.3% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.34 would be kept by the premium seller. The risk of $4.66 would be incurred if the stock dropped below the $70.00 long put strike price.

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

The RSI indicator is at 74.86 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 Comerica

Higher Loans, Card Fees to Aid Comerica's (CMA) Q1 Earnings
Fri, 12 Apr 2019 11:42:11 +0000
Comerica's (CMA) Q1 earnings are expected to benefit from higher interest income, rise in card fees, controlled expenses and improved credit quality.

Soft Trading Activities to Hurt Citigroup's (C) Q1 Earnings
Thu, 11 Apr 2019 13:51:01 +0000
Revenues from Citigroup's (C) consumer banking business are expected to support its Q1 performance. However, trading and investment banking revenues are likely be low on a year-over-year basis.

Can Higher Revenues Support M&T Bank's (MTB) Q1 Earnings?
Thu, 11 Apr 2019 13:46:01 +0000
M&T Bank's (MTB) Q1 results are likely to witness rise in revenues on higher interest income and loan growth, partially offset by increased expenses.

5 Major Bank Stocks Poised to Outshine Q1 Earnings Estimates
Thu, 11 Apr 2019 12:35:12 +0000
The Q1 earnings season could be encouraging for U.S. banks, as the impact of loan growth and rising interest rates partially offset pressure of muted trading and poor investment banking activities.

Will Muted Trading Revenues Hurt Goldman's (GS) Q1 Earnings?
Thu, 11 Apr 2019 11:56:11 +0000
Muted trading and investment banking activities likely to mar Goldman's (GS) first-quarter earnings to be reported on Apr 15.

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