Danaher's most recent trend suggests a bullish bias. One trading opportunity on Danaher is a Bull Put Spread using a strike $270.00 short put and a strike $250.00 long put offers a potential 12.68% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $270.00 by expiration. The full premium credit of $2.25 would be kept by the premium seller. The risk of $17.75 would be incurred if the stock dropped below the $250.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Danaher 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 Danaher is bullish.
The RSI indicator is at 73.24 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
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Tue, 20 Jul 2021 13:43:01 +0000
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Danaher (DHR) to Post Q2 Earnings: What's in the Offing?
Mon, 19 Jul 2021 12:41:12 +0000
Danaher (DHR) Q2 performance is likely to have gained from the pandemic-induced demand for products, focus on innovation and synergistic gains from acquired assets.
Are Strong Financial Prospects The Force That Is Driving The Momentum In Danaher Corporation's NYSE:DHR) Stock?
Sat, 17 Jul 2021 09:09:40 +0000
Most readers would already be aware that Danaher's (NYSE:DHR) stock increased significantly by 17% over the past three…
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