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 9.65% return on risk over the next 17 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 $0.44 would be kept by the premium seller. The risk of $4.56 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.
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
[$$] Bank Investors: Beware Senators Bearing Gifts
Thu, 06 Nov 2014 05:43:26 GMT
The Wall Street Journal – Financial regulation may look like one area that the new, Republican-controlled Congress may target. Bank investors must hope legislators don’t open Pandora’s box.
10-Q for JPMorgan Chase & Co.
Thu, 06 Nov 2014 00:08:33 GMT
GOP Win: Not Guaranteed Help for Bank ETFs
Wed, 05 Nov 2014 20:20:25 GMT
European markets close: ECB divisions
Wed, 05 Nov 2014 16:30:00 GMT
Big banks should be able to go into bankruptcy, Fed's Lacker says
Wed, 05 Nov 2014 14:31:16 GMT
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