Dominion Resource Offering Possible 6.38% Return Over the Next 33 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 $65.00 short put and a strike $60.00 long put offers a potential 6.38% return on risk over the next 33 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.00 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 $60.00 long put 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 up which suggests that the medium-term momentum for Dominion Resource is bullish.

The RSI indicator is at 72.02 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

Final Glance: Utilities companies
Mon, 18 Nov 2013 23:04:29 GMT
AP – Shares of some top utilities companies were mixed at the close of trading: American Electric Power Co. rose $.48 or 1.0 percent, to $48.32. Consolidated Edison Inc. Holding Co. rose $.15 or .3 percent, …

Midday Glance: Utilities companies
Mon, 18 Nov 2013 18:34:20 GMT
AP – Shares of some top utilities companies are mixed at 1 p.m.: American Electric Power Co. rose $.47 or 1.0 percent, to $48.31. Consolidated Edison Inc. Holding Co. rose $.01 or percent, to $58.08. Dominion …

Dominion Resources July 2014 Options Begin Trading
Mon, 18 Nov 2013 17:17:00 GMT
Forbes – Investors in Dominion Resources Inc (NYSE: D) saw new options become available today, for the July 2014 expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 243 days until expiration the newly available contracts […]

Despite diplomatic spats, U.S. arms firms trust in Mideast
Mon, 18 Nov 2013 11:07:39 GMT
Reuters – LONDON/DUBAI (Reuters) – For U.S. arms firms flocking to the Dubai Airshow this week, the Middle East has never been more important – the second fastest growing market after Asia as western defense spending shrinks. But they face an awkward reality: an apparently ever-growing gap between Washington and its closest regional allies. Lockheed Martin (LMT), Boeing (BA), Northrop Grumman (NOC.N) and other big companies are expanding in the Gulf, with executives openly pinning their hopes on the region. Lockheed founded an international division earlier this year, and Northrop last month named a former senior U.S. Air Force official as its new chief executive for the United Arab Emirates (UAE).

Ex-Proskauer Labor Lawyer Joins Seyfarth: Business of Law
Mon, 18 Nov 2013 05:00:00 GMT
Bloomberg – Lawrence Lorber, the labor lawyer who headed Proskauer Rose LLP’s Washington employment practice, joined Seyfarth Shaw LLP.

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