JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $58.50 short put and a strike $53.50 long put offers a potential 9.65% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $58.50 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 $53.50 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
STXNEWS LATAM-Brazilian animal health firm Ouro Fino files for IPO
Tue, 26 Aug 2014 12:27:32 GMT
Reuters – Brazilian veterinary product manufacturer Ouro Fino Saúde Animal Participações S.A. filed for an initial public offering on Monday, which if carried out would be the first successful Brazilian IPO this …
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Mon, 25 Aug 2014 20:01:28 GMT
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