Bank of New York (BK) Offering Possible 8.93% Return Over the Next 38 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 $37.00 short call and a strike $42.00 long call offers a potential 8.93% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $37.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock rose above the $42.00 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 28.97 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

New York (City of) NY — Moody's takes rating actions on New York City's LOC supported GO Bonds Fiscal 2004 Subser. H-1, H-2, H-3, H-4 and Fiscal 2012 Subser. D-3
Wed, 15 Oct 2014 20:32:07 GMT

Will BNY Mellon Miss Q3 Earnings on Revenue Pressure?
Wed, 15 Oct 2014 14:10:02 GMT

Lack of corporate access is limiting opportunities for non-North American companies, BNY Mellon investor survey finds
Wed, 15 Oct 2014 13:43:21 GMT
noodls – 43% of investor respondents rate existing corporate access levels to non-North American companies as average or poor; 60% of respondents say lack of access eliminates a non-North American firm from their …

Lack of corporate access is limiting opportunities for non-North American companies, BNY Mellon investor survey finds
Wed, 15 Oct 2014 13:04:00 GMT
PR Newswire – NEW YORK, Oct. 15, 2014 /PRNewswire/ — North American investors say they need more and better access to non-North American companies to gain greater confidence or initiate a position in international firms, according to a new study released by BNY Mellon, a global leader in investment management and investment services. The survey, Insights into North American Investors' Views of Corporate Access, was conducted by Ipreo, an independent IR market intelligence and analytics firm, and BNY Mellon in spring of 2014. It examined how the North American investment community perceives its current access to companies outside the U.S and Canada. Forty investment firms with more than $3.1 trillion in combined equity assets under management took part in the study, with an average portfolio allocation to non-North American equities of 31.5%.

Bond Clearinghouse Set to Seek Approval for Tri-Party Repo Role
Wed, 15 Oct 2014 00:00:11 GMT

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