ThermoFisher (TMO) Offering Possible 8.7% Return Over the Next 3 Calendar Days

ThermoFisher's most recent trend suggests a bullish bias. One trading opportunity on ThermoFisher is a Bull Put Spread using a strike $530.00 short put and a strike $510.00 long put offers a potential 8.7% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $530.00 by expiration. The full premium credit of $1.60 would be kept by the premium seller. The risk of $18.40 would be incurred if the stock dropped below the $510.00 long put strike price.

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

The RSI indicator is at 66.07 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 ThermoFisher

Top Stock Reports for Thermo Fisher, McDonald's & Union Pacific
Tue, 10 Aug 2021 18:37:06 +0000
Today's Research Daily features new research reports on 16 major stocks, including Thermo Fisher Scientific Inc. (TMO), McDonald's Corporation (MCD), and Union Pacific Corporation (UNP).

Thermo Fisher (TMO) Hits a 52-Week High: What's Driving It?
Tue, 10 Aug 2021 13:53:01 +0000
Strong performance by the four reported business segments is driving the top line for Thermo Fisher (TMO).

Thermo Fisher Scientific Prices Offering of USD-Denominated Senior Notes
Mon, 09 Aug 2021 22:10:00 +0000
Thermo Fisher Scientific Inc. (NYSE: TMO) (“Thermo Fisher”) announced today that it has priced an offering of $3.1 billion aggregate principal amount (the “Offering”) of the following notes:

Were Hedge Funds Right About Thermo Fisher Scientific Inc. (TMO)?
Mon, 09 Aug 2021 14:12:59 +0000
We at Insider Monkey have gone over 866 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds’ and investors’ portfolio positions as of March 31st. In this article, we look at what those funds think of Thermo Fisher Scientific Inc. (NYSE:TMO) based on […]

Thermo Fisher Scientific Announces Offering of USD-Denominated Senior Notes
Mon, 09 Aug 2021 12:38:00 +0000
Thermo Fisher Scientific Inc. (NYSE: TMO) (“Thermo Fisher”) announced today that it intends to offer USD-denominated senior notes.

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