SunTrust's most recent trend suggests a bullish bias. One trading opportunity on SunTrust is a Bull Put Spread using a strike $39.00 short put and a strike $34.00 long put offers a potential 5.49% return on risk over the next 12 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock dropped below the $34.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for SunTrust 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 SunTrust is bullish.
The RSI indicator is at 67.8 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for SunTrust
SunTrust Cuts CEO Rogers’s 2013 Pay 32% From Prior Year
Mon, 10 Mar 2014 15:30:30 GMT
A Whistle That’s Lost in the Crowd
Sat, 08 Mar 2014 15:55:38 GMT
Bank stocks could rise 15% in 3-5 years: Analyst
Fri, 07 Mar 2014 16:39:01 GMT
The big bank theory
Fri, 07 Mar 2014 13:56:00 GMT
MetLife Targets Apartments as Young Adults Seek to Rent
Thu, 06 Mar 2014 10:55:00 GMT
Bloomberg – MetLife Inc. (MET) is looking to increase investments in apartment buildings in U.S. cities such as New York and Los Angeles as young professionals fuel demand. “We would love to do more multifamily and we’ve been very active,” Robert Merck, the head of the MetLife Real Estate Investors unit, said in a phone interview yesterday. MetLife, the largest U.S. life insurer, is turning to real estate to bolster profit and support long-term obligations amid low bond yields. The firm boosted lending for commercial real estate 19 percent last year to a record $11.5 billion and agreed to take ownership stakes of $1.9 billion in such properties.
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