JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $58.50 short put and a strike $53.50 long put offers a potential 10.86% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $58.50 by expiration. The full premium credit of $0.49 would be kept by the premium seller. The risk of $4.51 would be incurred if the stock dropped below the $53.50 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 at 51.04 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 JP Morgan
Alibaba stock bulls, bears load up before earnings
Wed, 29 Oct 2014 23:11:29 GMT
Investor to object to proposed $4.5 billion JPMorgan settlement
Wed, 29 Oct 2014 21:56:21 GMT
21 trades in 67 seconds
Wed, 29 Oct 2014 21:00:00 GMT
Goodyear shares get big bump on strong Q3 earns
Wed, 29 Oct 2014 20:46:18 GMT
Realigning J.P. Morgan's Stars
Wed, 29 Oct 2014 19:21:03 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook