JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $60.50 short put and a strike $55.50 long put offers a potential 6.38% 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 $60.50 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock dropped below the $55.50 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 above 80 which suggests that the stock is in overbought territory.
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
JPMorgan Adds Former Australian Leader Howard to Advisory Group
Mon, 10 Nov 2014 08:23:01 GMT
Ex-JPMorgan lawyer tells tale of wrongdoing
Sat, 08 Nov 2014 21:43:35 GMT
Advice IQ: Is it time to dump your bank?
Sat, 08 Nov 2014 12:46:00 GMT
JPMorgan to cut more jobs
Fri, 07 Nov 2014 23:36:00 GMT
In Gazprom deal, JPMorgan takes on business that some banks fear
Fri, 07 Nov 2014 23:33:08 GMT
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