SunTrust Offering Possible 11.61% Return Over the Next 23 Calendar Days

SunTrust's most recent trend suggests a bearish bias. One trading opportunity on SunTrust is a Bear Call Spread using a strike $38.00 short call and a strike $43.00 long call offers a potential 11.61% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $38.00 by expiration. The full premium credit of $0.52 would be kept by the premium seller. The risk of $4.48 would be incurred if the stock rose above the $43.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for SunTrust 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 SunTrust is bearish.

The RSI indicator is at 48.38 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 SunTrust

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Mon, 27 Jan 2014 21:17:06 GMT
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SunTrust Robinson Humphrey Strengthens Corporate Banking Team with Key Hire in Charlotte
Mon, 27 Jan 2014 14:16:00 GMT
PR Newswire – ATLANTA, Jan. 27, 2014 /PRNewswire/ — SunTrust Robinson Humphrey (STRH) today announced the addition of a key industry veteran to its Charlotte-based Mid-Atlantic Corporate Banking team. Ken Harris has …

First Horizon Still Muddling, But Still Holding Upside Too
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Seeking Alpha – It has been quite a while since I've written about First Horizon ( FHN ), but this Tennessee-based regional bank continues to operate under a cloud. The market remains concerned about the impact of the …

The Sage of Sea Island: A Wall Street Transcript Interview with Jonathan S. Raclin, a Registered Principal of Barrington Asset Management, Inc., and the Managing Director of The Enterprise Portfolio
Tue, 21 Jan 2014 18:31:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – January 21, 2014 – The Wall Street Transcript has just published its current Value Investing and Other Strategies Report. The full issue is available by calling (212) 952-7433 …

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