Iron Mountain (IRM) Offering Possible 7.53% Return Over the Next 17 Calendar Days

Iron Mountain's most recent trend suggests a bearish bias. One trading opportunity on Iron Mountain is a Bear Call Spread using a strike $27.50 short call and a strike $32.50 long call offers a potential 7.53% return on risk over the next 17 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $27.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock rose above the $32.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Iron Mountain 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 down which suggests that the medium-term momentum for Iron Mountain is bearish.

The RSI indicator is at 38.6 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 Iron Mountain

Iron Mountain (IRM) Stock Moves -1.37%: What You Should Know
Mon, 23 Mar 2020 21:50:09 +0000
Iron Mountain (IRM) closed the most recent trading day at $22.40, moving -1.37% from the previous trading session.

Hedge Funds Were Buying Iron Mountain Incorporated (IRM) Before The Coronavirus
Mon, 23 Mar 2020 13:53:38 +0000
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]

Iron Mountain (IRM) Down 13.1% Since Last Earnings Report: Can It Rebound?
Sat, 14 Mar 2020 15:30:03 +0000
Iron Mountain (IRM) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

World Markets Rebound on Monday
Mon, 02 Mar 2020 19:45:06 +0000
Core-Mark Holding jumps on 4th-quarter earnings Continue reading…

Financial Markets Plunge on Coronavirus Outbreak
Fri, 28 Feb 2020 20:06:42 +0000
Autodesk shares gain on 4th-quarter results Continue reading…

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