State Street (STT) Offering Possible 7.99% Return Over the Next 11 Calendar Days

State Street's most recent trend suggests a bearish bias. One trading opportunity on State Street is a Bear Call Spread using a strike $55.00 short call and a strike $60.00 long call offers a potential 7.99% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $55.00 by expiration. The full premium credit of $0.37 would be kept by the premium seller. The risk of $4.63 would be incurred if the stock rose above the $60.00 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 at 34.99 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 State Street

GE Completes Its GE Asset Management Divestment To State Street
Fri, 01 Jul 2016 18:15:47 GMT

State Street Completes Acquisition of GE Asset Management
Fri, 01 Jul 2016 12:11:05 GMT
noodls – BOSTON–(BUSINESS WIRE)–State Street Corporation (NYSE: STT), announced today that it has completed its acquisition of GE Asset Management (GEAM) from GE (NYSE: GE). The transaction provides multiple …

State Street Completes Acquisition of GE Asset Management
Fri, 01 Jul 2016 11:45:00 GMT
Business Wire – State Street Corporation , announced today that it has completed its acquisition of GE Asset Management from GE . The transaction provides multiple benefits to State Street Global Advisors and its clients, including the addition of new alternatives capabilities, strengthening fundamental equity and active fixed income teams, and establishing SSGA as a leading provider of outsourced chief investment …

State Street Recognized as Top Community-Minded Company in the Nation by Points of Light
Thu, 30 Jun 2016 19:01:08 GMT
noodls – BOSTON–(BUSINESS WIRE)–State Street Corporation (NYSE: STT) announced today that it was recognized as one of the most community-minded companies in the nation as a part of the Civic 50, a Points of Light …

State Street Recognized as Top Community-Minded Company in the Nation by Points of Light
Thu, 30 Jun 2016 18:46:00 GMT
Business Wire – State Street Corporation announced today that it was recognized as one of the most community-minded companies in the nation as a part of the Civic 50, a Points of Light initiative that sets the standard for corporate civic engagement and creates a roadmap for companies seeking to best use their time, talent, and resources to improve the quality of life in the communities where they do business.

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