JP Morgan's most recent trend suggests a bearish bias. One trading opportunity on JP Morgan is a Bear Call Spread using a strike $56.50 short call and a strike $61.50 long call offers a potential 6.84% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $56.50 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 $61.50 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 32.03 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
Retirees forced to stay in equities: Pro
Mon, 14 Jul 2014 10:25:00 GMT
Generali Sells Swiss Private Bank to BTG Pactual for $1.68 Billion
Mon, 14 Jul 2014 10:17:41 GMT
Brinker upgraded to Overweight from Neutral at JPMorgan
Mon, 14 Jul 2014 10:00:48 GMT
Institutional Investor Names J.P. Morgan Alternative Asset Management “Manager of the Year” Among Large Fund of Hedge Funds Firms
Mon, 14 Jul 2014 10:00:00 GMT
PR Newswire – NEW YORK, July 14, 2014 /PRNewswire/ — J.P. Morgan Alternative Asset Management (“JPMAAM”) was honored by Institutional Investor magazine as “Firm of the Year” among Large Fund of …
Citigroup, Justice to detail $7B settlement
Mon, 14 Jul 2014 03:23:47 GMT
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