Comerica (CMA) Offering Possible 6.16% Return Over the Next 21 Calendar Days

Comerica's most recent trend suggests a bullish bias. One trading opportunity on Comerica is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 6.16% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $49.00 by expiration. The full premium credit of $0.29 would be kept by the premium seller. The risk of $4.71 would be incurred if the stock dropped below the $44.00 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 71.48 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

Comerica Bank's Texas Index Moves Sideways
Thu, 27 Oct 2016 18:16:07 GMT
noodls – DALLAS, Oct. 27, 2016/PRNewswire / — Comerica Bank's Texas Economic Activity Index was down just 0.1 percentage points in August to a level of 90.3. August's reading is 18 points, or 24 percent, above …

Comerica Bank's Texas Index Moves Sideways
Thu, 27 Oct 2016 18:04:00 GMT
PR Newswire – DALLAS, Oct. 27, 2016 /PRNewswire/ — Comerica Bank's Texas Economic Activity Index was down just 0.1 percentage points in August to a level of 90.3. “The Comerica Bank Texas Economic Activity Index was essentially unchanged in August, easing by one-tenth of a point. The drilling rig count for Texas began turning over after the November 2014 high of 904 active rigs.

Comerica Bank's Michigan Index Sees Slight Decline
Thu, 27 Oct 2016 17:16:03 GMT
noodls – DALLAS, Oct. 27, 2016/PRNewswire / — Comerica Bank's Michigan Economic Activity Index declined 0.2 percentage points in August to a level of 129.3. August's reading is 55 points, or 74 percent, above …

Comerica Bank's Michigan Index Sees Slight Decline
Thu, 27 Oct 2016 17:03:00 GMT
PR Newswire – DALLAS, Oct. 27, 2016 /PRNewswire/ — Comerica Bank's Michigan Economic Activity Index declined 0.2 percentage points in August to a level of 129.3. August's reading is 55 points, or 74 percent, above …

Comerica Bank's California Index Strengthens
Thu, 27 Oct 2016 16:16:08 GMT
noodls – DALLAS, Oct. 27, 2016/PRNewswire / — Comerica Bank's California Economic Activity Index grew by 1.0 percentage points in August to a level of 122.7. August's reading is 39 points, or 46 percent, above …

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