Comerica (CMA) Offering Possible 14.42% Return Over the Next 32 Calendar Days

Comerica's most recent trend suggests a bearish bias. One trading opportunity on Comerica is a Bear Call Spread using a strike $70.00 short call and a strike $80.00 long call offers a potential 14.42% return on risk over the next 32 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $70.00 by expiration. The full premium credit of $1.26 would be kept by the premium seller. The risk of $8.74 would be incurred if the stock rose above the $80.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Comerica 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 Comerica is bearish.

The RSI indicator is at 74.37 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 Comerica

Top Analysts Upgrades and Downgrades: AMD, Comerica, General Mills, Mastercard, Vertex Pharmaceuticals and More
Thu, 15 Dec 2016 13:55:15 GMT

Comerica upgraded by BofA/Merrill
Thu, 15 Dec 2016 12:13:58 GMT

Comerica Bank Raises Prime Rate
Wed, 14 Dec 2016 22:17:00 GMT
PR Newswire – DALLAS, Dec. 14, 2016 /PRNewswire/ — Comerica Bank announced it will raise its prime rate to 3.75 percent from 3.50 percent effective tomorrow, December 15, 2016. Comerica Incorporated (NYSE:CMA) is a …

Stock Market Roundup Dec. 14: Fed Raises Rates for Second Time in Decade
Wed, 14 Dec 2016 22:14:10 GMT

America’s Best (and Worst) Banks of 2016
Wed, 14 Dec 2016 14:40:58 GMT

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