Discovery (DISCA) Offering Possible 19.05% Return Over the Next 27 Calendar Days

Discovery's most recent trend suggests a bullish bias. One trading opportunity on Discovery is a Bull Put Spread using a strike $27.50 short put and a strike $22.50 long put offers a potential 19.05% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $27.50 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $22.50 long put strike price.

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

The RSI indicator is at 64.38 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 Discovery

Discovery, The Mosaic Company, Netflix and IBM highlighted as Zacks Bull and Bear of the Day
Thu, 17 Oct 2019 15:45:40 +0000
Discovery, The Mosaic Company, Netflix and IBM highlighted as Zacks Bull and Bear of the Day

Bull of the Day: Discovery (DISCA)
Thu, 17 Oct 2019 10:15:10 +0000
Bull of the Day: Discovery (DISCA)

Activision's Overwatch Now Available on Nintendo Switch
Wed, 16 Oct 2019 15:55:03 +0000
Activision Blizzard (ATVI) launches Overwatch Legendary Edition to gain traction among Nintendo Switch gamers globally.

New Strong Buy Stocks for October 16th
Wed, 16 Oct 2019 14:09:02 +0000
New Strong Buy Stocks for October 16th

3 Reasons Why Discovery (DISCA) Is a Great Growth Stock
Mon, 14 Oct 2019 12:45:12 +0000
Discovery (DISCA) could produce exceptional returns because of its solid growth attributes.

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