Prudential (PRU) Offering Possible 5.26% Return Over the Next 8 Calendar Days

Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $87.50 short put and a strike $82.50 long put offers a potential 5.26% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $87.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $82.50 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 67.24 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

PGIM Global High Yield Fund, Inc. Reports Unaudited Earnings and Financial Position for Quarter Ended January 31, 2021
Thu, 04 Mar 2021 21:20:00 +0000
PGIM Global High Yield Fund, Inc. (NYSE: GHY), (the “Fund”), a diversified, closed-end management investment company, announced today its unaudited investment results for the quarter ended Jan. 31, 2021.

PGIM Short Duration High Yield Opportunities Fund Reports Unaudited Earnings and Financial Position for Period Ended January 31, 2021
Thu, 04 Mar 2021 21:10:00 +0000
PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) (the “Fund”), a diversified, closed-end management investment company, announced today its first unaudited investment results for the period Nov. 25, 2020 through Jan. 31, 2021.

PGIM High Yield Bond Fund, Inc., PGIM Global High Yield Fund, Inc. and PGIM Short Duration High Yield Opportunities Fund declare distributions for March, April and May 2021
Fri, 26 Feb 2021 21:15:00 +0000
PGIM High Yield Bond Fund, Inc. (NYSE: ISD), PGIM Global High Yield Fund, Inc. (NYSE: GHY) and PGIM Short Duration High Yield Opportunities Fund (NYSE: SDHY) declared today monthly distributions for March, April and May 2021. The distribution amounts and schedule for each fund appears below:

New PGIM podcast explores origins, evolution and future of U.S. retirement system
Wed, 24 Feb 2021 13:15:00 +0000
How did employers become responsible for the retirement security of American workers, and is this system working?

3 Top Dividend Stocks With Yields Over 5%
Tue, 23 Feb 2021 11:37:00 +0000
Income-minded investors don't have to settle for lackluster payouts right now. They just have to widen their field of view.

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