Duke Energy (DUK) Offering Possible 7.53% Return Over the Next 7 Calendar Days

Duke Energy's most recent trend suggests a bullish bias. One trading opportunity on Duke Energy is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 7.53% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $82.50 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Duke Energy 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 Duke Energy is bullish.

The RSI indicator is at 72.81 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 Duke Energy

New pollinator garden at Duke Energy Tippecanoe Solar Power Plant in Indiana helps pollinator species thrive
Wed, 10 Jun 2020 18:24:00 +0000
A new Duke Energy solar power plant in West Lafayette, Ind., which provides clean, renewable electric energy, also now helps renew and increase populations of so-called “pollinator species” important to the growth and reproduction of flowers and food plants.

Duke Energy Progress proposes lower monthly bills for North Carolina customers
Wed, 10 Jun 2020 16:22:00 +0000
Duke Energy Progress customers in North Carolina would see more than $3 in savings on their monthly energy bills this winter due to the combined impact of several proposed annual rate adjustments.

Duke Energy pledges $1 million in grants to support social justice and racial equity
Mon, 08 Jun 2020 20:15:00 +0000
Duke Energy, through its foundation, is pledging $1 million to nonprofit organizations committed to social justice and racial equity.

4 Utility Stocks in Focus on World Environment Day 2020
Fri, 05 Jun 2020 13:33:01 +0000
On the World Environment Day, let's focus on a few utilities that have pledged to become net-zero emission companies and help in the reduction of pollution.

Hedge Funds Are Done Buying Duke Energy Corporation (DUK)
Wed, 03 Jun 2020 07:25:00 +0000
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]

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