FirstEnergy (FE) Offering Possible 5.26% 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 $33.00 short put and a strike $28.00 long put offers a potential 5.26% 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 $33.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $28.00 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 56.2 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for FirstEnergy

FirstEnergy Held in Balance
Mon, 02 Jun 2014 15:00:08 GMT

Large Transformers Installed to Help Improve Summer Grid Reliability in Toledo Edison's Service Area
Fri, 30 May 2014 12:30:00 GMT
PR Newswire – TOLEDO, Ohio, May 30, 2014 /PRNewswire/ — Toledo Edison is in the final stages of testing new equipment installed at two large substations that will help enhance service reliability in the area and support the expected increase in demand for electricity during the summer months. The massive 345-kilovolt transformers have been installed at Toledo Edison substations near Sylvania and Oregon and will be operational by June 1, 2014. Work to install these new devices began in January of 2013 and represents about a $15 million investment in service reliability. “These new transformers will have a direct impact in making service for our customers more reliable,” said Linda Moss, regional president of Toledo Edison. “This equipment will provide additional support for our transmission system as we enter peak demand time during the summer.” Toledo Edison is a subsidiary of FirstEnergy Corp. (FE). Another FirstEnergy subsidiary, American Transmission Systems Incorporated, will own and operate the new equipment.

Ohio Edison Completes Inspections and Maintenance Prior to Summer Season to Help Enhance Customer Service Reliability
Thu, 29 May 2014 18:00:00 GMT
PR Newswire – AKRON, Ohio, May 29, 2014 /PRNewswire/ — With the upcoming hot summer months expected to produce higher electrical demand, FirstEnergy Corp. (FE) is completing inspections and conducting equipment maintenance in its Ohio Edison northeast and central Ohio territory that are intended to enhance service reliability. Helicopter patrols are completing inspections on more than 4,100 miles of FirstEnergy transmission lines located in the Ohio Edison area. The inspections are designed to look for damaged wire, broken cross arms, failed insulators, and other hardware problems not easily detected from the ground. Any potential reliability issues identified during the inspection will be addressed immediately. On the ground, the summer readiness inspections include using “thermovision” cameras to capture infrared images that can detect potential problems with Ohio Edison substation equipment such as transformers and capacitors. By identifying hot spots, maintenance and repairs can be conducted prior to a power outage occurring.

Potomac Edison Completes Inspections and Maintenance Prior to Summer Season to Help Enhance Customer Service Reliability
Thu, 29 May 2014 18:00:00 GMT
PR Newswire – WILLIAMSPORT, Md., May 29, 2014 /PRNewswire/ — With the upcoming hot summer months expected to produce higher electrical demand, FirstEnergy Corp. (FE) is completing inspections and conducting equipment maintenance across its Potomac Edison area in western Maryland and the Eastern Panhandle of West Virginia that are intended to enhance service reliability. Helicopter patrols are completing inspections on nearly 1,400 miles of FirstEnergy transmission line circuits located in the Potomac Edison area. The inspections are designed to look for damaged wire, broken cross arms, failed insulators, and other hardware problems not visible from the ground. Potential reliability issues identified during the inspection will be addressed immediately as necessary. On the ground, the summer readiness inspections include using “thermovision” cameras to capture infrared images that can detect potential problems with Potomac Edison substation equipment such as transformers and capacitors. By identifying hot spots, maintenance and repairs can be conducted prior to a power outage occurring.

Cleveland Electric Illuminating Company Completes Inspections and Maintenance Prior to Summer Season to Help Enhance Customer Service Reliability
Thu, 29 May 2014 18:00:00 GMT
PR Newswire – AKRON, Ohio, May 29, 2014 /PRNewswire/ — With the upcoming hot summer months expected to produce higher electrical demand, FirstEnergy Corp. (FE) is completing inspections and conducting equipment maintenance in its Cleveland Electric Illuminating Company (CEI) northeast Ohio territory that are intended to enhance service reliability. Helicopter patrols are completing inspections on more than 1,200 miles of FirstEnergy transmission line circuits located in the CEI area. The inspections are designed to look for damaged wire, broken cross arms, failed insulators, and other hardware problems not visible from the ground. Any potential reliability issues identified during the inspection will be addressed immediately. On the ground, the summer readiness inspections include using “thermovision” cameras to capture infrared images that can detect potential problems with CEI substation equipment such as transformers and capacitors. By identifying hot spots, maintenance and repairs can be conducted prior to a power outage occurring.

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