Bank of New York (BK) Offering Possible 13.38% Return Over the Next 22 Calendar Days

Bank of New York's most recent trend suggests a bearish bias. One trading opportunity on Bank of New York is a Bear Call Spread using a strike $45.00 short call and a strike $50.00 long call offers a potential 13.38% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $45.00 by expiration. The full premium credit of $0.59 would be kept by the premium seller. The risk of $4.41 would be incurred if the stock rose above the $50.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Bank of New York 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 Bank of New York is bearish.

The RSI indicator is at 24.25 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 Bank of New York

BNY Mellon’s 4Q16 Earnings Met Estimates—29% Higher
Wed, 25 Jan 2017 22:17:03 GMT

FRN Variable Rate Fix
Wed, 25 Jan 2017 16:12:00 GMT

FRN Variable Rate Fix
Wed, 25 Jan 2017 16:08:00 GMT

Post Earnings Coverage as BNY Mellon's Q4 EPS Surged 35%
Wed, 25 Jan 2017 13:15:00 GMT
Accesswire – Upcoming AWS Coverage on Franklin Resources Post-Earnings Results LONDON, UK / ACCESSWIRE / January 25, 2017 / Active Wall St. announces its post-earnings coverage on The Bank of New York Mellon Corp. …

ETFs with exposure to The Bank of New York Mellon Corp. : January 24, 2017
Tue, 24 Jan 2017 17:02:02 GMT

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