Archer Daniels's most recent trend suggests a bullish bias. One trading opportunity on Archer Daniels is a Bull Put Spread using a strike $38.00 short put and a strike $33.00 long put offers a potential 16.82% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $38.00 by expiration. The full premium credit of $0.72 would be kept by the premium seller. The risk of $4.28 would be incurred if the stock dropped below the $33.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Archer Daniels 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 Archer Daniels is bullish.
The RSI indicator is at 73.05 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 Archer Daniels
Archer Daniels Midland: Plant Your Money And Watch It Grow
Wed, 23 Oct 2013 21:19:14 GMT
Seeking Alpha – Archer Daniels Midland ( ADM ) is the McDonald's (major industrial corporation) of the Old MacDonald business (farming). ADM's market cap is close to $24B and its Q2 2013 revenue was $22.5B (financials …
U.S. lawmakers to wrestle with food stamp cuts in farm bill
Wed, 23 Oct 2013 18:04:24 GMT
Reuters – U.S. Senate and House negotiators, who will begin working on a compromise farm bill on Oct. 30, face a major fight over proposed deep cuts in food stamps for the poor. The leaders of the House and Senate …
Brazil's Copersucar issues force majeure to sugar exporters -sources
Wed, 23 Oct 2013 16:59:04 GMT
Reuters – Brazil's largest trader of sugar and ethanol declared force majeure to third party exporters of sugar with contracts to ship through its Santos Port terminal that burned down on Friday, sources in the …
U.S. farm bill negotiators to meet for first time next Wednesday
Wed, 23 Oct 2013 15:53:09 GMT
Reuters – House and Senate negotiators, who face a huge challenge in refereeing a fight over deep cuts in food stamps for the poor, will formally open work on a compromise version of the new U.S. farm bill on Oct. …
ADM to Present at Morgan Stanley Global Chemicals and Agriculture Conference
Wed, 23 Oct 2013 15:00:00 GMT
Business Wire – Archer Daniels Midland Company will present at the Morgan Stanley Global Chemicals and Agriculture Conference on Wednesday, Nov. 13, 2013, in Boston. Chairman and CEO Patricia Woertz will present at 1:30 p.m.
Related Posts
Also on Market Tamer…
Follow Us on Facebook