EMC (EMC) Offering Possible 7.53% Return Over the Next 22 Calendar Days

EMC's most recent trend suggests a bullish bias. One trading opportunity on EMC is a Bull Put Spread using a strike $29.00 short put and a strike $24.00 long put offers a potential 7.53% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $29.00 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 $24.00 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 at 78.96 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for EMC

Emerging Storage, VMware And Pivotal Drive EMC's Q2 Earnings
Sun, 27 Jul 2014 09:10:51 GMT
Seeking Alpha – EMC (NYSE: EMC ) announced its second quarter earnings on July 23, reporting a 5% year-on-year growth in net revenues to $5.9 billion. The company's services revenues rose by almost 9% over the prior year …

Why “services” is the integral segment of “big data”?
Fri, 25 Jul 2014 19:59:04 GMT

Should EMC Corporation Actually Sell its Massive VMware Stake?
Thu, 24 Jul 2014 16:32:13 GMT
Motley Fool – VMware is important to EMC, but so is the amount of cash that EMC could create with a spin off.

EMC downgraded by Tigress Financial
Thu, 24 Jul 2014 14:50:53 GMT

Will This Price Target Increase Help EMC (EMC) Stock Today?
Thu, 24 Jul 2014 13:05:00 GMT
TheStreet – BMO Capital Markets raised its price target for EMC (EMC) to $32 from $29 with an ‘outperform' rating.

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