Dominion Resource (D) Offering Possible 8.7% Return Over the Next 34 Calendar Days

Dominion Resource's most recent trend suggests a bullish bias. One trading opportunity on Dominion Resource is a Bull Put Spread using a strike $70.00 short put and a strike $65.00 long put offers a potential 8.7% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $65.00 long put 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 43.92 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Dominion Resource

Icahn to Commence Proxy Contest, Tender Offer for Southwest Gas
Thu, 14 Oct 2021 22:19:00 +0000
The billionaire investor escalated his challenge to Southwest Gas Holdings by offering to buy shares of the Nevada utility and announcing plans to try to replace the company’s board.

CORRECTED-UPDATE 1-Icahn launches offer for Southwest Gas shares, seeks to replace board
Thu, 14 Oct 2021 20:22:06 +0000
Activist investor Carl Icahn said on Thursday he plans to start a tender offer for shares in Southwest Gas Holdings Inc and launch a proxy battle to replace the directors on the gas distribution company's board. Icahn's move comes days after the company adopted a shareholder rights plan to thwart a push by the investor to abandon Southwest Gas' potential $2 billion deal to buy Questar Pipelines. Icahn Enterprises intends to initiate a tender offer for outstanding shares of Southwest at $75.00 per share in cash, it said in an open letter https://bit.ly/3vcCZ0Y to company shareholders.

Duke Energy-backed Southeast energy market moves forward with FERC deadlocked
Thu, 14 Oct 2021 19:41:02 +0000
The utilities expected to form the market, led by Atlanta-based Southern Co., anticipate having it operating by mid-2022.

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

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