Prudential (PRU) Offering Possible 16.01% Return Over the Next 19 Calendar Days

Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $82.50 short put and a strike $77.50 long put offers a potential 16.01% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $82.50 by expiration. The full premium credit of $0.69 would be kept by the premium seller. The risk of $4.31 would be incurred if the stock dropped below the $77.50 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 47.07 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

Kevin Simons named Chief Auditor of Prudential Financial; Thomas Carroll to retire after 15 years of distinguished service
Mon, 02 Jun 2014 20:07:00 GMT
Business Wire – Prudential Financial, Inc. announced today that Kevin Simons will join the company as senior vice president and chief auditor, succeeding Thomas Carroll, who is retiring

Prudential Global Short Duration High Yield Fund, Inc. reports unaudited earnings and financial position for quarter ended April 30, 2014
Mon, 02 Jun 2014 20:05:00 GMT
Business Wire – Prudential Global Short Duration High Yield Fund, Inc. , a diversified, closed-end management investment company, announced today its unaudited investment re

U.S. Fed hires official to oversee AIG, Prudential
Mon, 02 Jun 2014 19:38:23 GMT
Reuters – The U.S. Federal Reserve has hired a former state insurance commissioner to help it oversee non-bank financial firms that a council of regulators identified for tougher scrutiny last year. Thomas Sullivan, who led the Connecticut Insurance Department from 2007 through 2010 and later worked at PricewaterhouseCoopers, told Reuters he starts as a senior adviser on June 9. Sullivan will help fill a critical expertise gap at the Fed, which has more experience regulating Wall Street banks and less of a track record with major insurers and other non-bank financial firms.

Prudential Financial to hold 2014 Financial Strength Symposium for fixed income analysts and investors; live webcast available
Mon, 02 Jun 2014 14:30:00 GMT
Business Wire – Prudential Financial, Inc. will hold a symposium for fixed income analysts and investors in New York on Monday, June 9, 2014. On that date beginning at 8:30 a.m., the general public is invited to access a live webcast and presentation materials on the Investor Relations website at www.investor.prudential.com.

State of NJ plan re-commits to Prudential Retirement with new 6-year contract
Thu, 29 May 2014 16:05:00 GMT
Business Wire – Prudential Retirement announced today the State of New Jersey, a government-plan client for eight years, has recommitted its defined contribution plan to Prudential Retirement. Prudential Retirement is a business unit of Prudential Financial, Inc.

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