Discover's most recent trend suggests a bullish bias. One trading opportunity on Discover is a Bull Put Spread using a strike $49.00 short put and a strike $44.00 long put offers a potential 6.38% return on risk over the next 31 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 $0.30 would be kept by the premium seller. The risk of $4.70 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 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 56.23 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
Final Glance: Credit Card companies
Wed, 16 Oct 2013 22:04:01 GMT
Final Glance: Credit Card companies
Wed, 16 Oct 2013 22:04:01 GMT
AP – Shares of some top credit card companies were up at the close of trading: American Express Co. rose $1.07 or 1.4 percent, to $76.32. Capital One Financial Corp. rose $.66 or .9 percent, to $72.25. Discover …
Discover Financial Services Declares Quarterly Dividend for Preferred and Common Stock
Wed, 16 Oct 2013 21:39:00 GMT
Business Wire – The Board of Directors of Discover Financial Services declared a quarterly cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series B, in the amount of $16.25 per share.
Midday Glance: Credit Card companies
Wed, 16 Oct 2013 17:22:03 GMT
Discover A Way To Profit From Credit Card Debt
Wed, 16 Oct 2013 16:31:06 GMT
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