SunTrust Offering Possible 5.93% Return Over the Next 38 Calendar Days

SunTrust's most recent trend suggests a bullish bias. One trading opportunity on SunTrust is a Bull Put Spread using a strike $34.00 short put and a strike $29.00 long put offers a potential 5.93% return on risk over the next 38 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $34.00 by expiration. The full premium credit of $0.28 would be kept by the premium seller. The risk of $4.72 would be incurred if the stock dropped below the $29.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for SunTrust 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 SunTrust is bullish.

The RSI indicator is at 73.9 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 SunTrust

November 13, 2013 SunTrust eClaim Solution Helps Healthcare Providers Significantly Improve Efficiencies in Payments and Claims Processing
Wed, 13 Nov 2013 20:02:35 GMT
noodls – ATLANTA, Nov. 13, 2013 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI) today announced the introduction of eClaim Revenue Gateway (eClaim), a healthcare receivables solution for medical providers, clinics …

SunTrust eClaim Solution Helps Healthcare Providers Significantly Improve Efficiencies in Payments and Claims Processing
Wed, 13 Nov 2013 19:00:00 GMT
PR Newswire – ATLANTA, Nov. 13, 2013 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI) today announced the introduction of eClaim Revenue Gateway (eClaim), a healthcare receivables solution for medical providers, clinics …

Can Individual Investors Benefit from Religious Institutional Investment Management Methods? A Wall Street Transcript Interview with Norman B. Conley III, the Chief Executive Officer and Chief Investment Officer of JAG Capital Management
Wed, 13 Nov 2013 18:11:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – November 13, 2013 – The Wall Street Transcript has just published its Investing Strategies Report. This special feature contains expert investing commentary through in-depth …

Daily Dividend Report: LYB, WM, CTL, STI, L
Wed, 13 Nov 2013 15:56:00 GMT
Forbes – This morning, LyondellBasell (LYB) declared its quarterly dividend of 60 cents per share, a 20% increase over its prior dividend. Based on the current stock price, investors can expect a yield of about 3.1% going forward. Shares of LYB were higher on Wednesday, climbing 0.8% so far. In other dividend news, […]

SUNTRUST BANKS INC Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
Wed, 13 Nov 2013 13:01:38 GMT

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