Sysco (SYY) Offering Possible 10.5% Return Over the Next 27 Calendar Days

Sysco's most recent trend suggests a bearish bias. One trading opportunity on Sysco is a Bear Call Spread using a strike $60.00 short call and a strike $70.00 long call offers a potential 10.5% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $9.05 would be incurred if the stock rose above the $70.00 long call strike price.

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

The RSI indicator is at 51.35 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 Sysco

Sysco (SYY) Stock Is Incredibly Cheap Right Now
Mon, 15 Jun 2020 15:06:15 +0000
Broyhill Asset Management, a boutique investment firm based in North Carolina, released its Q1 2020 Investor letter – a copy of which can be downloaded here. Established as a family office, the company invests with a long-term, objective, and rational perspective. You should check out Broyhill Asset Management's top 5 stock picks for investors to […]

Sysco Launches New Interactive Virtual ‘Restaurant Readiness Tool’ for Operators
Mon, 15 Jun 2020 12:00:10 +0000
Today, Sysco announced the launch of its Restaurant Readiness Tool, a first-of-its kind simulation that intuitively provides a comprehensive view of best practices, key considerations and essential supplies for operators re-opening their restaurants as COVID-19 stay-at-home orders continue to ease. The Restaurant Readiness Tool enables operators to tour a virtual restaurant where they experience an immersive, 360-degree view of the establishment. This is accomplished through a series of videos, lists of recommended products and links to helpful services, all with seamless access to Sysco’s state-of-the-art shopping platform, Sysco SHOP.

3 Dividend Stocks You Can Safely Hold
Fri, 12 Jun 2020 14:36:00 +0000
More important, payouts serve as an incentive for investors to hold the stock should the industry or the broader market turn downward. Investors may also look to industries that remain steady regardless of economic cycles. Stocks fitting these descriptions bring a high likelihood that they will maintain growth and dividend streaks that will continue for decades.

Sysco (SYY) Looks Well Poised on Diversified Business Lines
Thu, 11 Jun 2020 14:19:02 +0000
Sysco (SYY) is likely to gain from its efforts to boost revenues by tapping diversified business channels.

Sysco to Webcast From the Jefferies Virtual Consumer Conference
Wed, 10 Jun 2020 21:00:10 +0000
Sysco Corporation (SYY) today announced that the Company will webcast from the Jefferies Virtual Consumer Conference on Wednesday, June 24, at 8:30 a.m. ET. The live webcast for the event can be accessed at investors.sysco.com. For purposes of public disclosure, including this and future similar events, Sysco uses the investor relations portion of its website as the primary channel for publishing key information to its investors, some of which may contain material and previously non-public information.

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