JP Morgan's most recent trend suggests a bearish bias. One trading opportunity on JP Morgan is a Bear Call Spread using a strike $62.50 short call and a strike $67.50 long call offers a potential 7.99% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $62.50 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $67.50 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 31.46 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
These banks are offering FICO scores for free
Wed, 14 Jan 2015 01:26:00 GMT
JPMorgan, Banks Seek Wider Margins As Fed Mulls Hike
Wed, 14 Jan 2015 01:14:00 GMT
Citigroup's Stress Test, Legal Bills To Weigh On Q4
Wed, 14 Jan 2015 01:14:00 GMT
Cramer: Ecstasy & agony in one session
Tue, 13 Jan 2015 23:00:00 GMT
What the banks need
Tue, 13 Jan 2015 22:48:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook