Duke Energy (DUK) Offering Possible 8.7% Return Over the Next 8 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 $77.50 short put and a strike $72.50 long put offers a potential 8.7% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 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 $72.50 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 30.49 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Duke Energy

Equitrans' stock spikes after court ruling, rival project canceled
Tue, 07 Jul 2020 17:41:36 +0000

Duke Energy to announce second-quarter 2020 financial results on Aug. 10
Tue, 07 Jul 2020 15:51:00 +0000
Duke Energy will announce its second-quarter financial results at 7 a.m. ET on Monday, Aug. 10, in a news release to be posted on the company's website at duke-energy.com/investors.

Duke Energy Renewables' largest solar project now online in Texas
Tue, 07 Jul 2020 14:10:00 +0000
Duke Energy Renewables, a subsidiary of Duke Energy (NYSE: DUK), announced that its 200-megawatt alternating current (MWac) Holstein Solar project in Nolan County, Texas, has begun commercial operation. It is the largest solar project in Duke Energy Renewables' fleet.

Dominion Energy Brayton Point — Moody's affirms Dominion and Dominion Energy Gas Holdings ratings; outlooks stable
Tue, 07 Jul 2020 09:06:11 +0000
New York, July 06, 2020 — Moody's Investors Service, (“Moody's”) today affirmed the ratings of Dominion Energy, Inc. (Dominion), including its Baa2 senior unsecured and P-2 commercial paper ratings. At the same time, Moody's affirmed the ratings of Dominion Energy Gas Holdings, LLC (DEGH), including its Baa1 senior unsecured and P-2 commercial paper ratings. The affirmation follows the 5 July 2020 announcement that Dominion intends to sell substantially all of its gas transmission and storage assets, predominantly housed under DEGH, to Berkshire Hathaway Energy Company (BHE, A3 stable) [1].

Duke, Dominion End ACP Project: Midstream Operators at Risk? (Revised)
Tue, 07 Jul 2020 08:00:08 +0000
To tackle the COVID-19 situation, U.S. pipeline operators are reducing capital expenditures, suspending work or reducing staff at construction sites. The recent Montana ruling is another headwind.

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