JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $52.50 short put and a strike $47.00 long put offers a potential 11.34% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.94 would be incurred if the stock dropped below the $47.00 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 62.77 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
JPMorgan cancels Q&A on Twitter with investment banker Jimmy Lee
Thu, 14 Nov 2013 00:43:43 GMT
Reuters – NEW YORK (Reuters) – JPMorgan Chase & Co canceled a question and answer session on Twitter with veteran investment banker Jimmy Lee after being flooded with insulting questions less than 24 hours before …
JPMorgan cancels Q&A on Twitter with investment banker Jimmy Lee
Thu, 14 Nov 2013 00:41:13 GMT
Reuters – JPMorgan Chase & Co canceled a question and answer session on Twitter with veteran investment banker Jimmy Lee after being flooded with insulting questions less than 24 hours before the session was to …
After Twitter #Fail, JPMorgan Calls Off Q. and A.
Thu, 14 Nov 2013 00:35:53 GMT
New York Times – The firm called off a question-and-answer session with a senior executive after Twitter users complied with its request for queries with a stream of ribald questions and hostile jokes.
JPMorgan Gets Map to Descend Capital Surcharge Plateau With HSBC
Thu, 14 Nov 2013 00:00:01 GMT
Bloomberg – Global regulators this week put JPMorgan Chase & Co. and HSBC Holdings Plc at the pinnacle of a list of 29 too-big-to-fail banks that face tougher capital rules than other lenders. The companies were also …
JPMorgan's ‘TwitterTakeover' Is Taken Over by Twitter
Wed, 13 Nov 2013 23:16:05 GMT
BusinessWeek – A request for questions for one of the bank's executives turns into a social media embarrassment
Related Posts
Also on Market Tamer…
Follow Us on Facebook