Discover's most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $50.00 short put and a strike $45.00 long put offers a potential 4.17% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $50.00 by expiration. The full premium credit of $0.20 would be kept by the premium seller. The risk of $4.80 would be incurred if the stock dropped below the $45.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Discover 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 Discover is bullish.
The RSI indicator is at 61.96 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 Discover
News Summary: Discover posts lower 3Q profit
Tue, 22 Oct 2013 00:19:30 GMT
News Summary: Discover posts lower 3Q profit
Tue, 22 Oct 2013 00:19:30 GMT
Discover Financial's profit falls 8 percent in 3Q
Mon, 21 Oct 2013 23:53:51 GMT
Discover Financial's profit falls 8 percent in 3Q
Mon, 21 Oct 2013 23:53:51 GMT
AP – Discover Financial Services' net income fell 8 percent in the third quarter, as the lender set aside more funds to cover potential loan losses. The credit card issuer also said Monday that sales volume …
[$$] Discover Financial's Profit Drops 6.9%
Mon, 21 Oct 2013 23:50:19 GMT
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