FirstEnergy (FE) Offering Possible 5.26% Return Over the Next 22 Calendar Days

FirstEnergy's most recent trend suggests a bullish bias. One trading opportunity on FirstEnergy is a Bull Put Spread using a strike $36.00 short put and a strike $31.00 long put offers a potential 5.26% 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 $36.00 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 $31.00 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 71.29 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for FirstEnergy

FIRSTENERGY CORP Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Fri, 31 Oct 2014 20:50:22 GMT

Will FirstEnergy (FE) Earnings Disappoint This Season?
Thu, 30 Oct 2014 21:23:13 GMT

New Transmission Line Constructed in Ohio Edison's Eastern Ohio Area to Help Support Shale Gas Industry
Thu, 30 Oct 2014 18:56:34 GMT
noodls – AKRON, Ohio, Oct. 30, 2014 — As part of its efforts to help support Ohio's growing shale gas industry, FirstEnergy Corp. (NYSE: FE) recently completed a new 3.5 mile, 138 kilovolt (kV) transmission line …

New Transmission Line Constructed in Ohio Edison's Eastern Ohio Area to Help Support Shale Gas Industry
Thu, 30 Oct 2014 18:40:00 GMT
PR Newswire – AKRON, Ohio, Oct. 30, 2014 /PRNewswire/ — As part of its efforts to help support Ohio's growing shale gas industry, FirstEnergy Corp. (NYSE: FE) recently completed a new 3.5 mile, 138 kilovolt (kV) transmission …

FirstEnergy Foundation Donates $5,000 to the Ohio & Erie Canalway Coalition to Support the Towpath Companion Trail Guide
Thu, 30 Oct 2014 15:30:00 GMT
PR Newswire – AKRON, Ohio, Oct. 30, 2014 /PRNewswire/ — The FirstEnergy Foundation has donated $5,000 to the Ohio & Erie Canalway Corridor to assist with publishing the organization's Towpath Companion, an award-winning guidebook for hikers and bicyclists along the 101-mile trail. “The Towpath Trail and its many attractions are a prominent part of life in our Northeast Ohio service areas,” said Dee Lowery, president of the FirstEnergy Foundation. “This guidebook is a vital resource with many uses – trail lovers use it to get the most out of the area, businesses use it as a recruiting tool to showcase everything northeast Ohio has to offer and the coalition uses it to help with its development efforts. We're proud to support the trail.” The Ohio & Erie Canalway Coalition, which publishes the book, is dedicated to extending the towpath trail from Cleveland to New Philadelphia, Ohio, as well as supporting historic preservation efforts and educational projects along the canal corridor. “We rely on the support of donors like FirstEnergy to develop the Ohio & Erie Canal Corridor as both a tourist attraction and an engine for economic growth,” said Dan Rice, president and Chief Executive Officer of the Ohio & Erie Canalway Coalition. “This guidebook is both handy for trail users and a valuable recruiting tool for local companies.”

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