JP Morgan's most recent trend suggests a bearish bias. One trading opportunity on JP Morgan is a Bear Call Spread using a strike $57.00 short call and a strike $62.00 long call offers a potential 6.84% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $57.00 by expiration. The full premium credit of $0.32 would be kept by the premium seller. The risk of $4.68 would be incurred if the stock rose above the $62.00 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 36.02 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
Ahead of the Bell: Unemployment Benefits
Thu, 07 Aug 2014 10:39:29 GMT
Paul Singer Will Make Argentina Pay
Thu, 07 Aug 2014 10:00:40 GMT
Moelis Leads New Manager CLO Rush as Rules Loom: Credit Markets
Thu, 07 Aug 2014 09:54:00 GMT
[$$] Bank Regulators Roar at $700-Trillion Market
Thu, 07 Aug 2014 04:25:49 GMT
The Wall Street Journal – U.S. bank regulators have found a way to potentially force through big changes to the global derivatives markets.
Living Wills Rejected, Lloyds Sued, Capital One: Compliance
Thu, 07 Aug 2014 04:00:22 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook