FirstEnergy Offering Possible 5.26% Return Over the Next 32 Calendar Days

FirstEnergy's most recent trend suggests a bearish bias. One trading opportunity on FirstEnergy is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 5.26% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $41.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for FirstEnergy is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for FirstEnergy is bearish.

The RSI indicator is at 28.69 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 FirstEnergy

FIRSTENERGY CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Tue, 19 Nov 2013 13:33:41 GMT

Toledo Edison Makes Free Water and Ice Available to Customers Without Power
Mon, 18 Nov 2013 21:56:00 GMT
PR Newswire – TOLEDO, Ohio, Nov. 18, 2013 /PRNewswire/ — Toledo Edison customers who remain without power as a result of the severe wind and thunderstorms yesterday evening across Northwest Ohio can receive two bags …

FE Unit Steps Up Transmission Upgrade
Fri, 15 Nov 2013 19:20:04 GMT
Zacks – FirstEnergy's unit moves ahead with its transmission upgrade programs in Maryland.

FIRSTENERGY CORP Financials
Thu, 14 Nov 2013 18:04:12 GMT

Potomac Edison Reconstructs Line to Enhance Reliability of Western Maryland Transmission Network
Thu, 14 Nov 2013 17:55:48 GMT
noodls – WILLIAMSPORT, Md., Nov. 14, 2013 — Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has reconstructed a 138-kilovolt (kV) transmission line as part of a key project to strengthen its regional …

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