JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $114.00 short put and a strike $109.00 long put offers a potential 30.21% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $114.00 by expiration. The full premium credit of $1.16 would be kept by the premium seller. The risk of $3.84 would be incurred if the stock dropped below the $109.00 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 72.47 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
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Mon, 15 Jul 2019 00:27:00 +0000
Investing.com – Bitcoin slumped to near $10,000 on Monday in Asia as negative comments from U.S. President Donald Trump late last week continued to weigh.
How the Banking Sector Impacts Our Economy
Sun, 14 Jul 2019 23:46:07 +0000
Learn why the banking sector is a vital industry to our economy, what it does to drive the economic growth and understand some of the examples of companies in this sector.
The Big Banks Report Earnings This Week. Here’s What to Expect.
Sun, 14 Jul 2019 11:30:00 +0000
Earnings season kicks off this week with America’s biggest banks reporting their second-quarter results.
Banks should shine among S&P 500 stocks this earnings season
Sat, 13 Jul 2019 11:27:00 +0000
DEEP DIVE Surprise: Analysts expect banks to be one of the brighter areas of the stock market during an overall dismal earnings season. As second-quarter earnings season begins, recent economic news has been good and the Dow Jones Industrial Average (DJIA) and S&P 500 index (SPX) are near recent records.
The Week Ahead: Earnings Season Heats Up
Sat, 13 Jul 2019 10:00:00 +0000
We're watching earnings from several wide- and narrow-moat companies, plus retail sales and housing starts.
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