JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $59.00 short put and a strike $54.00 long put offers a potential 10.38% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $59.00 by expiration. The full premium credit of $0.47 would be kept by the premium seller. The risk of $4.53 would be incurred if the stock dropped below the $54.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan 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 JP Morgan is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought 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 JP Morgan
Living Wills Could Hasten Bank Divestitures
Tue, 26 Aug 2014 21:07:01 GMT
Ann Reportedly Hires JPMorgan To Explore Sale Option
Tue, 26 Aug 2014 17:15:00 GMT
U.S. judge dismisses LME from aluminium price-fixing lawsuits
Tue, 26 Aug 2014 16:39:18 GMT
Judge dismisses LME from aluminum price-fixing lawsuits
Tue, 26 Aug 2014 14:12:49 GMT
Reuters – UK Focus – A U.S. judge has dismissed London Metal Exchange Ltd as a defendant from nationwide antitrust litigation over the alleged fixing of aluminum prices. In a decision made public on Tuesday, U.S. District …
Whopping Gains for Burger King in Rally, Apple Recalls iPhone 5s
Mon, 25 Aug 2014 20:31:30 GMT
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