Consolidated Edis (ED) Offering Possible 23.46% Return Over the Next 13 Calendar Days

Consolidated Edis's most recent trend suggests a bearish bias. One trading opportunity on Consolidated Edis is a Bear Call Spread using a strike $76.50 short call and a strike $81.50 long call offers a potential 23.46% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $76.50 by expiration. The full premium credit of $0.95 would be kept by the premium seller. The risk of $4.05 would be incurred if the stock rose above the $81.50 long call strike price.

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

The RSI indicator is at 52.04 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Consolidated Edis

Consolidated Edison (ED) Q3 Earnings and Revenues Surpass Estimates
Thu, 01 Nov 2018 23:55:11 +0000
Con Ed (ED) delivered earnings and revenue surprises of 5.41% and 4.91%, respectively, for the quarter ended September 2018. Do the numbers hold clues to what lies ahead for the stock?

Con Ed: 3Q Earnings Snapshot
Thu, 01 Nov 2018 22:48:31 +0000
The New York-based company said it had profit of $1.39 per share. Earnings, adjusted for non-recurring costs, came to $1.56 per share. The results topped Wall Street expectations. The average estimate …

Con Edison Reports 2018 Third Quarter Earnings
Thu, 01 Nov 2018 20:40:42 +0000
NEW YORK, Nov. 01, 2018 — Consolidated Edison, Inc. (Con Edison) (NYSE: ED) today reported 2018 third quarter net income of $435 million or $1.40 a share compared with $457.

How Wall Street Looks at PPL Stock ahead of Its Q3 2018 Earnings
Thu, 01 Nov 2018 13:00:46 +0000
PPL Corporation (PPL) stock has a median target price of $31.27, compared to its current market price of $29.96. This indicates an estimated upside of 4.4% for the next 12 months.

Con Edison Chairman & CEO John McAvoy to Present at 2018 EEI Financial Conference on November 13
Wed, 31 Oct 2018 20:30:00 +0000
NEW YORK, Oct. 31, 2018 — John McAvoy, chairman and chief executive officer of Consolidated Edison, Inc. (NYSE:ED), will present an overview of the company at the 2018 Edison.

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