JP Morgan's most recent trend suggests a bearish bias. One trading opportunity on JP Morgan is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 5.71% return on risk over the next 36 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.27 would be kept by the premium seller. The risk of $4.73 would be incurred if the stock rose above the $65.00 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 32.12 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for JP Morgan
[$$] Lehman Brothers, J.P. Morgan Lawsuit Over Repo Market Resumes
Mon, 20 Oct 2014 05:33:58 GMT
The Wall Street Journal – Lawyers for the postbankruptcy estate of Lehman Brothers Holdings and J.P. Morgan are still battling in a crisis-era lawsuit over what Lehman claims was the bank’s “voracious” cash grab in the investment …
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Fri, 17 Oct 2014 23:46:02 GMT
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