Bank of New York (BK) Offering Possible 5.93% Return Over the Next 10 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 $39.50 short call and a strike $44.50 long call offers a potential 5.93% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $39.50 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock rose above the $44.50 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 45.75 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

MOVES-BNY Mellon appoints Bill Burnett to wealth management team
Wed, 07 Jan 2015 19:28:50 GMT
Reuters – Bank of New York Mellon hired Bill Burnett as senior wealth director at the its wealth management arm in Florida. Burnett joins from Seacoast National Bank where he was responsible for leading the wealth …

MOVES- BNY Mellon, Cowen Group, Barclays, RBS
Wed, 07 Jan 2015 15:20:57 GMT

MOVES- BNY Mellon, Cowen Group, Barclays, RBS
Wed, 07 Jan 2015 15:20:57 GMT

MOVES-BNY Mellon names Douglas Shulman senior executive vice president
Wed, 07 Jan 2015 14:15:38 GMT

Douglas Shulman Appointed Senior Executive Vice President and Global Head of Client Service Delivery at BNY Mellon
Wed, 07 Jan 2015 13:33:01 GMT
noodls – Dan Kramer Named Executive Vice President of Client Service Delivery Jan 7, 2015 NEW YORK , Jan. 7, 2015 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, today …

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