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 8.46% return on risk over the next 16 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 $0.39 would be kept by the premium seller. The risk of $4.61 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.
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LATEST NEWS for JP Morgan
Banks seek dismissal of Libor lawsuit
Fri, 07 Nov 2014 01:42:12 GMT
Watchdog cuts extra capital requirements for UBS, C.Agricole
Fri, 07 Nov 2014 00:16:36 GMT
Reuters – UK Focus – Switzerland's UBS (NYSEArca: FBGX – news) and France's Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast. In contrast, Agricultural Bank of China has been added to the list of world's “systemically important” banks and will need to hold extra capital from 2016. Policymakers have said the world's biggest banks have to hold more capital than smaller rivals because of their importance to the global financial system.
Levin's committee plans showdown on banks in commodities
Thu, 06 Nov 2014 23:18:01 GMT
Levin's committee plans showdown on banks in commodities
Thu, 06 Nov 2014 23:11:00 GMT
Reuters – Senator Carl Levin's powerful committee will hold a two-day hearing later this month on Wall Street banks' ownership of physical commodities and assets from pipelines to warehouses, touching off a two-year probe into potential market abuses. The much-anticipated session by the Permanent Subcommittee on Investigations that he leads will take place on Nov. 20-21 and follows a bipartisan investigation into a decade-long expansion by Wall Street banks into the commodities supply chain. The probe into banks and commodities is seen as Levin's final target before retiring at the end of this year after serving on the investigations panel for about 15 years. “The objective of the hearing is to provide facts that have been missing from the public debate about the nature and extent of bank involvement with physical commodities and the impact and consequences of that involvement,” Levin said in a statement.
Fast Money Final Trade: KORS, DIS, FL, BAC & QCOM
Thu, 06 Nov 2014 22:58:00 GMT
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