SunTrust Offering Possible 8.46% Return Over the Next 10 Calendar Days

SunTrust's most recent trend suggests a bullish bias. One trading opportunity on SunTrust is a Bull Put Spread using a strike $37.00 short put and a strike $32.00 long put offers a potential 8.46% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $37.00 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 dropped below the $32.00 long put strike price.

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

Rising rates play mind games with banks, stocks
Tue, 07 Jan 2014 15:22:38 GMT
CNBC – The belief that 2014 will see higher interest rates is the primary story so far, and that is affecting stock pricing in the first 3 days of the year.

SunTrust upgraded to Outperform from Market Perform at BMO Capital
Tue, 07 Jan 2014 11:50:49 GMT
theflyonthewall.com – BMO upgraded SunTrust due to relative valuation. Price target raised to $42 from $40.

Banks That Will Benefit from a Steepening Yield Curve Top this Expert Analyst's 2014 Picks: A Wall Street Transcript Interview with David W. Darst, CFA, a Managing Director with Guggenheim Securities, LLC
Mon, 06 Jan 2014 18:37:00 GMT
Wall Street Transcript – 67 WALL STREET, New York – January 6, 2014 – The Wall Street Transcript has just published its Northeast and Mid-Atlantic Banks Report offering a timely review of the sector to serious investors and industry …

SunTrust Banks upgraded by Barclays
Mon, 06 Jan 2014 18:11:22 GMT

Regions Financial Leads Bank Stocks Higher on Analysts’ Upgrade
Mon, 06 Jan 2014 17:55:52 GMT
Bloomberg – Regions Financial Corp., Alabama’s largest lender, led financial stocks higher after Deutsche Bank AG said the firm could benefit from rising interest rates and upgraded the stock.

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