Dominion Resource Offering Possible 8.7% Return Over the Next 18 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 $65.00 short call and a strike $70.00 long call offers a potential 8.7% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 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 rose above the $70.00 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 below 20 which suggests that the stock is in oversold territory.

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
Tue, 03 Dec 2013 23:12:02 GMT

Group steps up pressure to speed US okay of gas, coal exports
Tue, 03 Dec 2013 21:52:25 GMT
Reuters – A lobbying group pressing the U.S. government to speed approval of U.S. natural gas and coal export proposals released a report on Tuesday contending that long delays in the approval process may violate global trade rules. The National Association of Manufacturers commissioned James Bacchus, a former Democratic Congressman and World Trade Organization judge, to pen the report, which it says sends a message to the Obama administration and Congress that they should accelerate the approval process and lift regulatory barriers. While NAM and the energy industry have been pressing for speedy approval of the exports, many lawmakers in Congress and other companies especially in the petrochemical sector, have urged the administration to go slow. Dow Chemical Co is a leading opponent of speedy export approval, citing worries that expanding exports too quickly could make natural gas and coal less affordable domestically.

Dominion East Ohio EnergyShare Program Now Accepting Applications
Tue, 03 Dec 2013 19:36:12 GMT
noodls – Local Ohio Salvation Army offices are now accepting applications for Dominion East Ohio's EnergyShare program that helps families who have exhausted all other forms of winter energy assistance. EnergyShare …

Early Glance: Utilities companies
Tue, 03 Dec 2013 15:32:07 GMT

Early Glance: Utilities companies
Tue, 03 Dec 2013 15:32:07 GMT
AP – Shares of some top utilities companies are up at 10 a.m.: American Electric Power Co. rose $.21 or .5 percent, to $46.84. Consolidated Edison Inc. Holding Co. rose $.12 or .2 percent, to $55.20. Dominion …

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