State Street's most recent trend suggests a bearish bias. One trading opportunity on State Street is a Bear Call Spread using a strike $67.50 short call and a strike $72.50 long call offers a potential 8.46% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $67.50 by expiration. The full premium credit of $0.39 would be kept by the premium seller. The risk of $4.61 would be incurred if the stock rose above the $72.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for State Street is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for State Street is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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 State Street
BNY Mellon Merger ‘Failed’ as State Street Profitable
Tue, 04 Feb 2014 19:03:09 GMT
Bloomberg – The 2007 merger that created Bank of New York Mellon Corp., the world’s largest custody bank, failed to deliver higher profits as the company lags behind its biggest rivals, according to Mike Mayo, an …
Waddell & Reed Grows Profit, Sales Even Faster In Q4
Tue, 04 Feb 2014 16:45:00 GMT
Investor's Business Daily – Waddell & Reed Grows Profit, Sales Even Faster In Q4
Boston Financial Acquires Assets Of The Colbent Corporation
Mon, 03 Feb 2014 17:05:00 GMT
PR Newswire – QUINCY, Mass., Feb. 3, 2014 /PRNewswire/ — Boston Financial Data Services, Inc., a premier provider of outsourcing services to the asset management industry, today announced an agreement to acquire assets and staff of The Colbent Corporation. Braintree-based Colbent provides transaction processing, data management, shareholder reporting, and other vital back office services to the financial services industry. Boston Financial has had a successful relationship with Colbent for the past 20 years, leveraging its technology capabilities and extensive experience in the settlement and corporate actions arenas. “Colbent is well-known in the industry for its complex financial services data processing capabilities,” said Madeline FitzGerald, Managing Director of Boston Financial's Event Center and Settlement Administration Solutions unit, “and we will no doubt benefit from the deep, long-standing relationships that the firm has cultivated over the years.
State Street fined £23m for secret mark-ups charged to clients
Fri, 31 Jan 2014 16:04:12 GMT
Financial Times – The UK market regulator has dealt a stinging rebuke to State Street by fining the US financial group £22.9m for acting with “complete disregard for its customers” by charging clients secret mark-ups …
[$$] State Street Fined for Overcharging
Fri, 31 Jan 2014 13:31:49 GMT
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