Prudential (PRU) Offering Possible 12.61% Return Over the Next 38 Calendar Days

Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 12.61% 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 $97.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock dropped below the $92.50 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 65.35 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 Prudential

Prudential stops distribution of policy sold through Wells Fargo
Tue, 13 Dec 2016 03:39:23 GMT

UPDATE 3-Prudential stops distribution of policy sold through Wells Fargo
Tue, 13 Dec 2016 03:35:20 GMT
Reuters – U.S. insurer Prudential Financial Inc said on Monday it had suspended the distribution of a low-cost life insurance policy through Wells Fargo & Co, pending a review of how the product was sold by the bank. California Insurance Commissioner Dave Jones told Reuters on Monday he had ordered an investigation into allegations, the latest regarding Wells Fargo's sales practices, that retail bankers signed up customers for life insurance policies from Prudential without their permission. The New Jersey Division of Insurance is also investigating, according to a Prudential spokesman and a news release from Jones's office.

New Jersey Joins Calif. Probe Into Wells Fargo's Insurance-Policy Sales
Tue, 13 Dec 2016 00:11:00 GMT

[$$] Prudential to Suspend Sale of Insurance Policy Through Wells Fargo
Mon, 12 Dec 2016 23:17:13 GMT

Prudential ends relationship with Wells Fargo after accounts scandal spreads to insurance
Mon, 12 Dec 2016 23:15:08 GMT

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