Dominion Resource Offering Possible 8.7% Return Over the Next 36 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 8.7% return on risk over the next 36 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 $0.40 would be kept by the premium seller. The risk of $4.60 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 72.33 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

U.S. approves additional natgas exports from Freeport LNG
Fri, 15 Nov 2013 23:12:43 GMT
Reuters – The U.S. Department of Energy said on Friday it conditionally approved more exports of liquefied natural gas from Freeport LNG in Texas, a move that could lead to increased shipments of the fuel in coming years. The approval is the fifth by the U.S. government since 2011 to countries with which it does not have a free trade agreement. Subject to final regulatory approval, the facility is conditionally authorized to export an additional 0.4 billion cubic feet per day (Bcf/d) for a total rate of up to 1.8 Bcf/d, for a period of 20 years, the DOE said. The agency initially granted Freeport approval to export 1.4 Bcf/d of natural gas a day of LNG from this facility on May 17.

Final Glance: Utilities companies
Fri, 15 Nov 2013 23:02:49 GMT

Final Glance: Utilities companies
Fri, 15 Nov 2013 23:02:49 GMT
AP – Shares of some top utilities companies were up at the close of trading: American Electric Power Co. rose $.25 or .5 percent, to $47.84. Consolidated Edison Inc. Holding Co. rose $.52 or .9 percent, to …

U.S. approves additional LNG exports from Freeport LNG
Fri, 15 Nov 2013 20:55:24 GMT
Reuters – The U.S. Department of Energy said on Friday it has conditionally approved more exports of liquefied natural gas from Freeport LNG in Texas, a move that could lead to more shipments of the fuel in coming years. The approval is the fifth by the U.S. government since 2011 to countries with which it does not have a free trade agreement. While the U.S. natural gas boom has led to a long list of applications to export the fuel, the Obama administration is weighing how fast to roll out approvals in order to keep domestic gas prices in check.

Ex-Morgan Stanley Director McKnight Said Up for NBA Union
Fri, 15 Nov 2013 19:47:52 GMT
Bloomberg – Riche T. McKnight, a partner at the law firm of Winston & Strawn and a former executive director in the Morgan Stanley litigation department, is among the candidates to succeed ousted NBA Players Association …

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