FirstEnergy Offering Possible 11.11% Return Over the Next 36 Calendar Days

FirstEnergy's most recent trend suggests a bearish bias. One trading opportunity on FirstEnergy is a Bear Call Spread using a strike $36.00 short call and a strike $41.00 long call offers a potential 11.11% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $36.00 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 rose above the $41.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for FirstEnergy is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for FirstEnergy is bearish.

The RSI indicator is at 32.59 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for FirstEnergy

FE Unit Steps Up Transmission Upgrade
Fri, 15 Nov 2013 19:20:04 GMT
Zacks – FirstEnergy's unit moves ahead with its transmission upgrade programs in Maryland.

FIRSTENERGY CORP Financials
Thu, 14 Nov 2013 18:04:12 GMT

Potomac Edison Reconstructs Line to Enhance Reliability of Western Maryland Transmission Network
Thu, 14 Nov 2013 17:55:48 GMT
noodls – WILLIAMSPORT, Md., Nov. 14, 2013 — Potomac Edison, a subsidiary of FirstEnergy Corp. (NYSE: FE), has reconstructed a 138-kilovolt (kV) transmission line as part of a key project to strengthen its regional …

Potomac Edison Reconstructs Line to Enhance Reliability of Western Maryland Transmission Network
Thu, 14 Nov 2013 17:30:00 GMT
PR Newswire – WILLIAMSPORT, Md., Nov. 14, 2013 /PRNewswire/ — Potomac Edison, a subsidiary of FirstEnergy Corp. (FE), has reconstructed a 138-kilovolt (kV) transmission line as part of a key project to strengthen its regional transmission network and help maintain reliable electric service for more than 65,000 customers in parts of Carroll, Frederick, Howard and Montgomery counties in Maryland. As part of the $5.3 million project, crews installed higher capacity conductor on a 13-mile stretch of transmission line connecting a substation in Thurmont, located in Frederick County, and a substation in Union Bridge, in adjacent Carroll County. Company personnel also replaced and upgraded equipment in both substations. “The new equipment is expected to enhance service reliability to our customers and increase the capacity of the transmission line to meet anticipated load growth in the region,” said James A. Sears, Jr., president of FirstEnergy's Maryland Operations. “The original scope of the project included reconstructing substations along with a transmission line, all at considerably more cost. Through our merger with FirstEnergy in 2011, we were able to scale back the project by utilizing existing equipment located nearby, ultimately providing a high degree of reliability while saving our customers money in the process.”

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Thu, 14 Nov 2013 00:28:17 GMT
Motley Fool – New health guidelines, credit ratings, and dividend dynamics hit shares in these 3 companies

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