Bank of New York (BK) Offering Possible 6.38% Return Over the Next 33 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 $34.00 short call and a strike $39.00 long call offers a potential 6.38% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.00 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 $39.00 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 21.07 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

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BNY Mellon Appoints Kimberly Mustin Head of North American Distribution
Tue, 15 Apr 2014 12:00:00 GMT
PR Newswire – NEW YORK, April 15, 2014 /PRNewswire/ — BNY Mellon Investment Management announced today that Kimberly Mustin has joined the firm as Head of North American Distribution, responsible for leading new business …

BNY Mellon appointed as AIFMD depositary by PGGM Vermogensbeheer B.V.
Mon, 14 Apr 2014 09:00:00 GMT
PR Newswire – LONDON, April 14, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, has been appointed by PGGM Vermogensbeheer B.V., the investment management arm of Dutch pension fund administrator PGGM, to provide depositary services under the Alternative Investment Fund Managers Directive (AIFMD) for assets valued at EUR14 billion. In addition to safekeeping the funds' assets, which are held within five fixed income investment funds, BNY Mellon will provide oversight functions and perform cash monitoring as required by AIFMD. Based in Zeist in the Netherlands, PGGM provides pension management, integrated asset management, management support and policy advice for pension funds.

BNY Mellon takes top honours amongst peers in 2014 R&M globalcustody.net survey
Mon, 14 Apr 2014 09:00:00 GMT
PR Newswire – LONDON, April 14, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, has been ranked #1 ahead of its peer group* in the latest annual R&M globalcustody.net …

BNY Mellon Appoints Monique Herena as Chief Human Resources Officer
Thu, 10 Apr 2014 13:05:00 GMT
PR Newswire – NEW YORK, April 10, 2014 /PRNewswire/ — BNY Mellon, a global leader in investment management and investment services, has appointed Monique Herena senior executive vice president and chief human resources …

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