Dominion Resource (D) Offering Possible 17.65% Return Over the Next 37 Calendar Days

Dominion Resource's most recent trend suggests a bearish bias. One trading opportunity on Dominion Resource is a Bear Call Spread using a strike $75.00 short call and a strike $80.00 long call offers a potential 17.65% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $75.00 by expiration. The full premium credit of $0.75 would be kept by the premium seller. The risk of $4.25 would be incurred if the stock rose above the $80.00 long call strike price.

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

The RSI indicator is at 39.08 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 Dominion Resource

Hedge Funds Are Dumping Dominion Energy Inc. (D)
Tue, 12 Oct 2021 10:17:14 +0000
Many prominent investors, including Warren Buffett, David Tepper and Stan Druckenmiller, have been cautious regarding the current bull market and missed out as the stock market reached another high in recent weeks. On the other hand, technology hedge funds weren’t timid and registered double digit market beating gains. Financials, energy and industrial stocks initially suffered […]

Southwest Gas Adopts Poison Pill as Icahn Opposes Questar Deal
Mon, 11 Oct 2021 11:58:16 +0000
(Bloomberg) — Southwest Gas Holdings Inc. adopted a so-called poison pill plan in a bid to stop billionaire activist investor Carl Icahn taking a larger stake in the U.S. power utility as he opposes its plan to buy a pipeline operator.Most Read from BloombergNYC's Waldorf Gets Plush Renovation, Becomes Icon of China's OverreachHow France Turned the Humble Roundabout Into a Showcase for ArtTycoon Behind a Crisis-Era Property Crash Now Sits on a $9 Billion Debt MountainWhat the Front Line of the

Southwest Gas adopts poison pill to hinder activist Icahn's deal protests
Mon, 11 Oct 2021 11:36:22 +0000
Southwest Gas Holdings Inc said on Monday it had adopted a shareholder rights plan – popularly known as a “poison pill” – in a bid to thwart a push by activist investor Carl Icahn to abandon a potential $2 billion deal to buy Questar Pipelines. Icahn, who has a history of agitating for change at U.S. utilities, disclosed his stake in Southwest earlier this month and made public his objections to the deal to buy Questar from Dominion Energy, saying Southwest Gas should focus on improving its share price instead.

Dominion Energy Schedules Third-Quarter 2021 Earnings Call
Wed, 06 Oct 2021 20:05:00 +0000
Dominion Energy (NYSE: D) will host its third-quarter 2021 earnings call at 10 a.m. ET on Friday, Nov. 5, 2021. Management will discuss matters of interest to financial and other stakeholders including recent financial results.

Southwest Gas (SWX) to Acquire Dominion's Questar Pipeline
Wed, 06 Oct 2021 15:20:03 +0000
Southwest Gas Holdings (SWX) decides to acquire Questar Pipelines from Dominion Energy. The move is likely to be accretive to Southwest Gas' earnings within a year of closure of the acquisition.

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