Parker Hannafin (PH) Offering Possible 20.85% Return Over the Next 3 Calendar Days

Parker Hannafin's most recent trend suggests a bullish bias. One trading opportunity on Parker Hannafin is a Bull Put Spread using a strike $320.00 short put and a strike $300.00 long put offers a potential 20.85% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $320.00 by expiration. The full premium credit of $3.45 would be kept by the premium seller. The risk of $16.55 would be incurred if the stock dropped below the $300.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Parker Hannafin 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 Parker Hannafin is bullish.

The RSI indicator is at 66.71 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 Parker Hannafin

Why the Earnings Surprise Streak Could Continue for Parker-Hannifin (PH)
Wed, 31 Mar 2021 16:10:04 +0000
Parker-Hannifin (PH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

If You Invested $1000 in Parker-Hannifin 10 Years Ago, This Is How Much You'd Have Now
Tue, 30 Mar 2021 15:38:03 +0000
Holding on to popular or trending stocks for the long-term can make your portfolio a winner.

Here's How Much You'd Have If You Invested $1000 in Parker-Hannifin a Decade Ago
Wed, 24 Mar 2021 12:26:12 +0000
Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards.

Is Parker-Hannifin Corporation (NYSE:PH) Popular Amongst Institutions?
Wed, 24 Mar 2021 08:18:56 +0000
Every investor in Parker-Hannifin Corporation ( NYSE:PH ) should be aware of the most powerful shareholder groups…

Is Parker-Hannifin (PH) Stock A Buy or Sell?
Sun, 21 Mar 2021 14:41:37 +0000
Hedge funds and large money managers usually invest with a focus on the long-term horizon and, therefore, short-lived dips or bumps on the charts usually don’t make them change their opinion towards a company. This time it may be different. The coronavirus pandemic destroyed the high correlations among major industries and asset classes. We are […]

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