JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $150.00 short put and a strike $145.00 long put offers a potential 26.58% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $150.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $145.00 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 31.85 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
Xpeng Poised to Raise $1.8 Billion in Hong Kong Listing
Wed, 30 Jun 2021 11:11:39 +0000
(Bloomberg) — Electric-vehicle maker Xpeng Inc. has raised about HK$14 billion ($1.8 billion) in its Hong Kong listing, becoming the first Chinese EV producer to finish a so-called homecoming share sale.The U.S.-listed firm sold 85 million shares at HK$165 each, according to an exchange filing on Wednesday, confirming an earlier Bloomberg News report. The offer price represents a discount of about 4.1% to its closing price of $44.32 on Tuesday on the New York Stock Exchange.Xpeng had set a maxi
Asia Startups Face Tougher IPO Market as Krafton Deal Looms
Wed, 30 Jun 2021 05:01:24 +0000
(Bloomberg) — Asia’s stock listing aspirants will likely face a less generous market following a first-half sales boom, as bubbly valuations and nervousness about U.S. monetary policy make investors more cautious.Firms in Asia have raised $82 billion through initial public offerings so far this year, the most ever for a first half, and beating the previous record of $63 billion seen during a comparable period in 2010, data compiled by Bloomberg show. The performance is part of a global trend, w
Pay Up to Stay Home Is One Company’s Approach to Remote Work
Wed, 30 Jun 2021 04:20:00 +0000
(Bloomberg) — Disco Corp., a Japanese maker of semiconductor equipment, has a novel approach to remote work — those who choose to stay home pay the colleagues who brave the commute to show up in the office.The Tokyo-based company is unusual in that for the past decade it has used an internal currency called “Will” to create a micro-economy where sales teams pay factory workers to produce goods, who in turn pay engineers to design products. Even office desks, PCs and meeting rooms have a price.
Didi Prices U.S. IPO at Top to Raise More Than $4 Billion
Wed, 30 Jun 2021 02:35:27 +0000
(Bloomberg) — Chinese ride-hailing giant Didi Global Inc. has raised about $4.4 billion after pricing its U.S. initial public offering at the top of a marketed range and selling more shares, according to people familiar with the matter.Didi sold about 317 million American depositary shares in the offering, around 10% more than originally planned, based on an updated filing on Tuesday. The company priced the shares at $14 each after marketing them for $13 to $14, the people said, who asked not t
Emerging Markets Are Missing Out On The ESG Boom
Tue, 29 Jun 2021 22:00:00 +0000
The ESG investment trend has exploded on Wall Street, but emerging markets are being left behind in the new financial boom
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