Consolidated Edis (ED) Offering Possible 20.48% Return Over the Next 8 Calendar Days

Consolidated Edis's most recent trend suggests a bullish bias. One trading opportunity on Consolidated Edis is a Bull Put Spread using a strike $72.50 short put and a strike $67.50 long put offers a potential 20.48% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $72.50 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock dropped below the $67.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Consolidated Edis 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 Consolidated Edis is bullish.

The RSI indicator is above 80 which suggests that the stock is in overbought territory.

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 Consolidated Edis

What sell-off? 16 big stocks churn out gains
Wed, 10 Feb 2016 18:30:25 GMT

Top Utility Stock Consolidated Edison Lights Up The Market
Tue, 09 Feb 2016 21:22:31 GMT

IBM Selected by Consolidated Edison, Inc. for a Transformational Project
Tue, 09 Feb 2016 13:00:00 GMT
PR Newswire – ARMONK, N.Y. and NEW YORK, Feb. 9, 2016 /PRNewswire/ — IBM (NYSE: IBM ) announced today that it has been selected by Consolidated Edison Company of NY, Inc. and Orange and Rockland (O&R) Utilities, both …

Chesapeake shares halted for news pending
Mon, 08 Feb 2016 16:02:00 GMT

New York Power Rate Increase Sought for 1st Time Since 2012
Fri, 29 Jan 2016 19:30:37 GMT

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