FirstEnergy Offering Possible 5.26% Return Over the Next 10 Calendar Days

FirstEnergy's most recent trend suggests a bearish bias. One trading opportunity on FirstEnergy is a Bear Call Spread using a strike $32.00 short call and a strike $37.00 long call offers a potential 5.26% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $32.00 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 rose above the $37.00 long call 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 below 20 which suggests that the stock is in oversold territory.

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

PJM grid sees power plants returning after cold-weather problems
Thu, 09 Jan 2014 00:55:27 GMT
Reuters – PJM Interconnection, the power grid agency for 13 mid-Atlantic and Midwestern states, said power plants knocked offline earlier this week by frigid temperatures are slowly returning to service as the region …

Met-Ed Completed 2013 Upgrades Designed to Enhance Service Reliability
Wed, 08 Jan 2014 18:33:52 GMT
noodls – READING, Pa., Jan. 8, 2014 — FirstEnergy's Pennsylvania utility, Metropolitan Edison Company (Met-Ed), completed scheduled reliability enhancement projects and upgrades for 2013 on major circuits that …

Met-Ed Completed 2013 Upgrades Designed to Enhance Service Reliability
Wed, 08 Jan 2014 18:00:00 GMT
PR Newswire – READING, Pa., Jan. 8, 2014 /PRNewswire/ — FirstEnergy's Pennsylvania utility, Metropolitan Edison Company (Met-Ed), completed scheduled reliability enhancement projects and upgrades for 2013 on major …

Record freeze extends to eastern United States, at least 9 dead
Wed, 08 Jan 2014 00:42:53 GMT
Reuters – A deadly blast of arctic air shattered decades-old temperature records as it enveloped the eastern United States on Tuesday, snarling air, road and rail travel, driving energy prices higher and overwhelming …

Grid operator PJM says US power plants struggle from cold
Tue, 07 Jan 2014 18:25:01 GMT
Reuters – PJM Interconnection, the power grid agency for the mid-Atlantic and parts of the Midwest, took emergency steps to meet surging demand as subzero temperatures forced power plants to shut, grid officials …

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