Comerica's most recent trend suggests a bullish bias. One trading opportunity on Comerica is a Bull Put Spread using a strike $45.00 short put and a strike $40.00 long put offers a potential 10.62% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $45.00 by expiration. The full premium credit of $0.48 would be kept by the premium seller. The risk of $4.52 would be incurred if the stock dropped below the $40.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Comerica is bullish and the probability of a rise in share price is higher if the stock starts trending.
The 20-day moving average is moving up which suggests that the medium-term momentum for Comerica is bullish.
The RSI indicator is at 67.74 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Comerica
COMERICA INC /NEW/ Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Fri, 06 Feb 2015 21:12:36 GMT
Horseman Capital exits its Comerica position
Tue, 03 Feb 2015 17:04:58 GMT
Comerica to Participate in the Credit Suisse Financial Services Forum
Tue, 03 Feb 2015 14:20:00 GMT
PR Newswire – DALLAS, Feb. 3, 2015 /PRNewswire/ — Comerica Incorporated today announced that it will participate in the Credit Suisse Financial Services Forum. Comerica's presentation will begin at 10:15 a.m. ET on …
Comerica Bank's Texas Index Breaks Seven Month Streak
Wed, 28 Jan 2015 19:23:15 GMT
noodls – DALLAS , Jan. 28, 2015 /PRNewswire/ — Comerica Bank's Texas Economic Activity Index eased slightly in November, decreasing 0.2 percentage points to a level of 107.5. November's reading is 35 points, or …
Comerica Bank's Texas Index Breaks Seven Month Streak
Wed, 28 Jan 2015 19:00:00 GMT
PR Newswire – DALLAS, Jan. 28, 2015 /PRNewswire/ — Comerica Bank's Texas Economic Activity Index eased slightly in November, decreasing 0.2 percentage points to a level of 107.5. We expect to see more evidence of the economic drag on Texas from lower oil prices in the months ahead. The Texas economy is large and diverse and it will not turn on a dime, but early indicators, including the weekly drilling rig count, are already showing the impact of the new oil price regime,” said Robert Dye, Chief Economist at Comerica Bank. The Texas Economic Activity Index consists of eight variables, as follows: nonfarm payrolls, exports, hotel occupancy rates, continuing claims for unemployment insurance, housing starts, sales tax revenues, home prices, and the Baker Hughes rotary rig count.
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