Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 23.15% 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 $85.00 by expiration. The full premium credit of $0.94 would be kept by the premium seller. The risk of $4.06 would be incurred if the stock dropped below the $80.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Prudential 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 Prudential is bullish.
The RSI indicator is at 78.99 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Prudential
Prudential Raises Dividend
Wed, 13 Nov 2013 23:20:01 GMT
Zacks – Following a strong third quarter 2013 earnings performance, Prudential Financial approved a 32.5% increase in its quarterly dividend to 53 cents per share.
PREI® launches fifth U.S. property fund with acquisitions in San Diego, San Francisco, and New York City
Wed, 13 Nov 2013 14:30:00 GMT
Business Wire – Prudential Real Estate Investors, continuing its successful series of closed-end real estate funds managed on behalf of German investors, has acquired several properties following the recent closing of its $430 million U.S.
Prudential Individual Life Insurance names Ann Nanda to lead institutional sales
Tue, 12 Nov 2013 21:37:00 GMT
Business Wire – Prudential Individual Life Insurance, a business of Prudential Financial, Inc. , has named Ann Nanda Vice President of Institutional Sales. In this role, she is responsib
[$$] Prudential: Rock Solid
Tue, 12 Nov 2013 20:06:00 GMT
Barrons.com – Prudential Financial raised its quarterly dividend payment, reassuring Wall Street that it is in good shape. Early Monday, Prudential (PRU) announced a 33% boost to its quarterly dividend, raising the cash payment to shareholders from 40 cents a share to 53 cents a share. However, earlier this year, government officials designated the insurance giant a systemically important financial institution (SIFI), which places it under Federal Reserve supervision. But as Raymond James analyst Steven Schwartz says, “What Prudential is saying is they generate lots of excess capital and they feel confident that whatever rules come out of the Federal Reserve next year will be reasonable.” Though shares were little changed in afternoon trading, at $86.26, the stock is a whisker from its 52-week high of $87.85.
Talk That Fed Will Ease Its Stimulus Cools Markets
Tue, 12 Nov 2013 17:01:30 GMT
New York Times – Rising bond yields spurred more debate over when the Federal Reserve would start to taper its economic stimulus program.
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