Prudential (PRU) Offering Possible 18.2% Return Over the Next 16 Calendar Days

Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $57.50 short put and a strike $52.50 long put offers a potential 18.2% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $57.50 by expiration. The full premium credit of $0.77 would be kept by the premium seller. The risk of $4.23 would be incurred if the stock dropped below the $52.50 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 56.88 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

Why Hong Kong Is the Latest Cause of U.S.-China Tensions
Fri, 29 May 2020 21:56:42 +0000
Tensions are rising between the two largest economies in the world as China looks to increase its control over Hong Kong.

PGIM High Yield Bond Fund, Inc. and PGIM Global High Yield Fund, Inc. declare distributions for June, July and August 2020
Thu, 28 May 2020 20:10:00 +0000
PGIM High Yield Bond Fund, Inc. (NYSE: ISD) and PGIM Global High Yield Fund, Inc. (NYSE: GHY) declared today monthly distributions for June, July and August 2020. The distribution amounts and schedule for each fund appears below:

Edited Transcript of PRU earnings conference call or presentation 6-May-20 3:00pm GMT
Wed, 27 May 2020 15:23:38 +0000
Q1 2020 Prudential Financial Inc Earnings Call

3 Stocks to Supplement Your Social Security Income
Mon, 25 May 2020 16:05:00 +0000
Companies with decent yields with the operations to support their dividends even during an economy-wrecking pandemic are certainly worth considering.

Prudential (PRU) Unit Inks Strategic Deal With PlanSource
Fri, 22 May 2020 12:21:12 +0000
Prudential (PRU) expands partnership with PlanSource to optimize benefits shopping and enrollment experience.

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