FirstEnergy (FE) Offering Possible 11.11% Return Over the Next 19 Calendar Days

FirstEnergy's most recent trend suggests a bullish bias. One trading opportunity on FirstEnergy is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 11.11% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $32.00 long put strike price.

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

The RSI indicator is at 69.25 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 FirstEnergy

Comprehensive Settlement Achieved on Mon Power and Potomac Edison Rate Case
Mon, 03 Nov 2014 22:20:30 GMT
noodls – FAIRMONT, W.Va., Nov. 3, 2014 — FirstEnergy Corp. (NYSE: FE) subsidiaries Mon Power and Potomac Edison today announce the filing of a settlement agreement with the Public Service Commission (PSC) of West …

4:17 pm FirstEnergy subsidiaries Mon Power and Potomac Edison today announce the filing of a settlement agreement with the Public Service Commission of West Virginia; average residential bills to increase about $0.23 a day
Mon, 03 Nov 2014 21:17:00 GMT

Comprehensive Settlement Achieved on Mon Power and Potomac Edison Rate Case
Mon, 03 Nov 2014 21:15:00 GMT
PR Newswire – FAIRMONT, W.Va., Nov. 3, 2014 /PRNewswire/ — FirstEnergy Corp. (FE) subsidiaries Mon Power and Potomac Edison today announce the filing of a settlement agreement with the Public Service Commission (PSC) of West Virginia. The agreement was reached with the PSC staff, the state's Consumer Advocate Division, the West Virginia Energy Users Group and Wal-Mart. The settlement agreement includes recovery of expenses associated with storm repairs from the 2012 Derecho and Hurricane Sandy, increased operating and environmental compliance investments at coal-fired power plants, and service reliability enhancements to the distribution system, including a more extensive tree trimming program to help limit power outages.

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Mon, 03 Nov 2014 20:43:00 GMT

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