JP Morgan's most recent trend suggests a bearish bias. One trading opportunity on JP Morgan is a Bear Call Spread using a strike $94.00 short call and a strike $99.00 long call offers a potential 44.93% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $94.00 by expiration. The full premium credit of $1.55 would be kept by the premium seller. The risk of $3.45 would be incurred if the stock rose above the $99.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for JP Morgan is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for JP Morgan is bearish.
The RSI indicator is at 42.27 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
As coronavirus cancels vacations, should you cancel your travel credit card — or redeem airline miles for cash back?
Thu, 02 Jul 2020 04:25:00 +0000
Before the coronavirus pandemic swept the globe, the Amtrak Guest Rewards World Mastercard was a great deal for David White. White, who lives in Baltimore and works for a software firm, used to ride the train frequently — and with the credit card, he was able to rack up points that he could convert into free tickets. Adding to White’s frustration: The card comes with a $79 annual fee, and there aren’t many competitive options to redeem the rewards points for non-travel-related uses.
Dun & Bradstreet Is Going Public Again. It Just Raised $1.7 Billion.
Wed, 01 Jul 2020 15:52:00 +0000
Dun & Bradstreet, the business analytics firm that went private a year ago, is selling 65.75 million shares at $19 to $21 each, according to a June 26 filing.
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Investing legend Burton Malkiel on day-trading millennials, the end of the 60/40 portfolio and more
Wed, 01 Jul 2020 13:00:00 +0000
The upheaval caused by the coronavirus may mean the end of the 60/40 portfolio, investing icon Burton Malkiel tells MarketWatch, but some other truths will likely endure. Investors are probably better off in passive portfolios, not chasing active managers – or even worse, day trading out of boredom.
MOVES-JPMorgan hires three UBS managers to launch Swiss-based Russia team
Wed, 01 Jul 2020 09:00:00 +0000
JPMorgan has hired three UBS bankers to launch a wealth management team covering Russian clients out of Zurich, the U.S. bank said in an internal memo on Wednesday. “Russia remains an emerging market with exciting prospects for us to gain market share and continue to expand our presence,” Karim Rekik, JPMorgan's market manager for Russia and Israel, said in the internal memo seen by Reuters and confirmed by the bank.
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