JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $58.00 short put and a strike $53.00 long put offers a potential 13.12% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $58.00 by expiration. The full premium credit of $0.58 would be kept by the premium seller. The risk of $4.42 would be incurred if the stock dropped below the $53.00 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 at 47.18 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
[$$] Overheard: Facebook Pulls Ahead of J.P. Morgan
Tue, 28 Oct 2014 04:57:50 GMT
The Wall Street Journal – Facebook joins the ranks of tech stalwarts such as Apple, Google and Microsoft, all with market values bigger than J.P. Morgan’s.
Facebook Pulls Ahead of J.P. Morgan
Mon, 27 Oct 2014 19:57:00 GMT
The Wall Street Journal – Back in 2011, J.P. Morgan Chase relinquished the title of biggest U.S. bank by market value to Wells Fargo. Now it has suffered a further indignity: J.P. Morgan’s market value late last week was overtaken …
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