Bank of New York (BK) Offering Possible 5.93% Return Over the Next 24 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 $40.00 short call and a strike $45.00 long call offers a potential 5.93% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $40.00 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 $45.00 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 75.72 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

Sothebys (BID), Bank of New York Mellon Corp, Lear Corporation: Marcato Capital’s Top Picks and Latest Filing
Mon, 23 Feb 2015 19:17:38 GMT

The Zacks Analyst Blog Highlights: Bank of New York Mellon, Bank of America, Citigroup, Goldman Sachs Group and JPMorgan Chase – Press Releases
Mon, 23 Feb 2015 14:30:02 GMT

Bank Stock Roundup: Legal & Regulatory Issues Draw Attention; Citigroup, JPMorgan in Focus – Analyst Blog
Fri, 20 Feb 2015 13:24:01 GMT

BNY Mellon Achieved a Leading Position in the Market
Thu, 19 Feb 2015 20:42:18 GMT

Form 8.3 – Rexam Plc.
Thu, 19 Feb 2015 15:41:11 GMT
noodls – Bank of New York Mellon Corp. (The) FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code …

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