Altera (ALTR) Offering Possible 6.38% Return Over the Next 16 Calendar Days

Altera's most recent trend suggests a bearish bias. One trading opportunity on Altera is a Bear Call Spread using a strike $33.00 short call and a strike $38.00 long call offers a potential 6.38% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $33.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $38.00 long call strike price.

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

The RSI indicator is at 29.98 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Altera

ALTERA CORP Financials
Thu, 31 Jul 2014 17:04:09 GMT

Altera Corporation Beats Q2 Earnings & Revenues Estimates
Fri, 25 Jul 2014 17:10:18 GMT
Zacks – Altera Corporation (ALTR) reported earnings of 41 cents per share in the second-quarter of 2014, which beat the Zacks Consensus Estimate of 37 cents.

ALTERA CORP Files SEC form 10-Q, Quarterly Report
Fri, 25 Jul 2014 10:00:42 GMT

Altera Corporation's Second-Quarter Results Beat Expectations
Thu, 24 Jul 2014 22:00:05 GMT
Motley Fool – Programmable chip maker Altera left analyst targets far behind in the first quarter, driven by strong demand for new products.

Altera Rising: Q2 Beats, Q3 Revenue View Beats
Thu, 24 Jul 2014 21:35:00 GMT
Barrons.com – Chip maker Altera (ALTR) this afternoon reported Q2 revenue and earnings per share that topped analysts' expectations, and forecast revenue this quarter slightly ahead of consensus. For the current quarter, Altera sees revenue in a range of down 2% to up 2% from last quarter, which is slightly ahead of the average estimate for $491 million. Altera shares are up 28 cents, or 0.8%, at $34.30 in late trading.

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