EMC (EMC) Offering Possible 7.07% Return Over the Next 17 Calendar Days

EMC's most recent trend suggests a bullish bias. One trading opportunity on EMC is a Bull Put Spread using a strike $29.50 short put and a strike $24.50 long put offers a potential 7.07% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $29.50 by expiration. The full premium credit of $0.33 would be kept by the premium seller. The risk of $4.67 would be incurred if the stock dropped below the $24.50 long put strike price.

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

The RSI indicator is above 80 which suggests that the stock is in overbought 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 EMC

Watch Out: Barbarians At The Gate For EMC (EMC)
Wed, 30 Jul 2014 15:49:00 GMT
TheStreet – Trade-Ideas LLC identified EMC (EMC) as a “barbarian at the gate” (strong stocks crossing above resistance with today's range greater than 200%) candidate

Will This Price Target Increase Help EMC (EMC) Stock Today?
Tue, 29 Jul 2014 13:16:00 GMT
TheStreet – UBS raises its price target for EMC (EMC) to $33 from $32 with a rating of ‘buy.'

3 Technology Stocks Pushing Sector Growth
Mon, 28 Jul 2014 17:03:00 GMT

Cisco Faces Margin Pressure As It Moves To Cloud
Mon, 28 Jul 2014 16:55:00 GMT
Investor's Business Daily – Cisco Systems (CSCO) received an analyst downgrade based on its current stock price and the tough competition it faces in cracking the cloud market. The stock for the world's largest computer networking …

3 Stocks Reiterated As A Buy: EMC, QCOM, WFC
Mon, 28 Jul 2014 14:14:00 GMT

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