Dominion Resource's most recent trend suggests a bearish bias. One trading opportunity on Dominion Resource is a Bear Call Spread using a strike $72.50 short call and a strike $77.50 long call offers a potential 44.93% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $72.50 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock rose above the $77.50 long call strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Dominion Resource 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 down which suggests that the medium-term momentum for Dominion Resource is bearish.
The RSI indicator is at 26.49 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Dominion Resource
Dominion (D) to Lower Debt level, Reaffirms 2018 Guidance
Wed, 28 Mar 2018 13:27:01 +0000
Dominion Energy (D) takes initiatives to lower its current debt levels and strengthen balance sheet.
Dominion Energy Announces Pricing of Common Stock Offering Via Forward Sale
Wed, 28 Mar 2018 02:00:00 +0000
RICHMOND, Va., March 27, 2018 /PRNewswire/ — Dominion Energy, Inc. (NYSE:D), today announced the pricing of a public offering of 20 million shares of its common stock at a price per share of $67.85 in connection with the forward sale agreements described below. Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Citigroup and J.P. Morgan are acting as joint book-running managers of the offering. The underwriters may offer shares of Dominion Energy's common stock in transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at either market prices or at negotiated prices.
Is Dominion Energy Inc (NYSE:D) A Smart Choice For Dividend Investors?
Wed, 28 Mar 2018 00:58:19 +0000
There is a lot to be liked about Dominion Energy Inc (NYSE:D) as an income stock, over the past 10 years it has returned an average of 4.00% per year.Read More…
Dominion Energy Announces Public Offering of Common Stock Via Forward Sale
Tue, 27 Mar 2018 20:06:00 +0000
RICHMOND, Va., March 27, 2018 /PRNewswire/ — Dominion Energy, Inc. (NYSE:D), today announced that it has commenced a registered public offering of 20 million shares of its common stock in connection with forward sale agreements, as discussed below. Goldman Sachs & Co. LLC, Credit Suisse Securities (USA) LLC, Barclays Capital Inc., Citigroup and J.P. Morgan are acting as joint book-running managers of this offering. The underwriters may offer shares of Dominion Energy's common stock in transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at either market prices or at negotiated prices.
Dominion Energy Announces Credit Improvement Initiatives; Reaffirms Earnings and Dividend Guidance
Tue, 27 Mar 2018 20:05:00 +0000
RICHMOND, Va., March 27, 2018 /PRNewswire/ — Dominion Energy (NYSE:D) today announced several initiatives that would materially improve its near-term credit profile. Dominion Energy will pursue a debt financing of the Cove Point liquefied natural gas facility this year and utilize the proceeds to reduce parent-level debt. Dominion Energy will also pursue the divestiture of non-core assets that could include the company's interest in Blue Racer Midstream, an unregulated natural gas gathering and processing joint venture focused on the Utica natural gas basin.
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