JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $95.00 short put and a strike $85.00 long put offers a potential 7.3% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 by expiration. The full premium credit of $0.68 would be kept by the premium seller. The risk of $9.32 would be incurred if the stock dropped below the $85.00 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 at 79.7 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
JP Morgan Holding Up Reasonably Well
Wed, 16 Jan 2019 10:53:17 +0000
JP Morgan Holding Up Reasonably Well
Edited Transcript of JPM earnings conference call or presentation 15-Jan-19 1:30pm GMT
Wed, 16 Jan 2019 03:29:30 +0000
Q4 2018 JPMorgan Chase & Co Earnings Call
[$$] Big Banks Find Sweet Spot in Higher Rates
Wed, 16 Jan 2019 01:27:16 +0000
America’s banks are loving higher interest rates. Rising rates lifted lending revenue for JPMorgan Chase & Co. and Wells Fargo & Co. in the fourth quarter, the banks said Tuesday. JPMorgan’s net interest income—the gap between what it earns on loans and what it pays on deposits—rose 10% in the fourth quarter to $14.4 billion.
JPMorgan misses fourth-quarter profit estimates as bond trading slumps
Tue, 15 Jan 2019 23:22:49 +0000
It was the first time JPMorgan Chase, the largest U.S. bank by assets, has underperformed earnings-per-share expectations in 16 quarters, according to Barclays equity analyst Jason Goldberg. JPMorgan was the second large U.S. bank to point the finger at choppy markets in December for its bond revenue losses.
Business Highlights
Tue, 15 Jan 2019 22:54:22 +0000
British lawmakers have plunged Brexit into chaos and the U.K. politics into crisis by rejecting Prime Minister Theresa May's divorce deal with the European Union and leading to a no-confidence vote on her government. The 432 to 202 vote in the House of Commons was widely expected but still devastating for May, whose fragile leadership is now under siege. WASHINGTON (AP) — The Internal Revenue Service is recalling about 46,000 of its employees furloughed by the government shutdown — nearly 60 percent of its workforce — to handle tax returns and pay out refunds.
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