SunTrust Offering Possible 8.93% Return Over the Next 37 Calendar Days

SunTrust's most recent trend suggests a bullish bias. One trading opportunity on SunTrust is a Bull Put Spread using a strike $35.00 short put and a strike $30.00 long put offers a potential 8.93% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $35.00 by expiration. The full premium credit of $0.41 would be kept by the premium seller. The risk of $4.59 would be incurred if the stock dropped below the $30.00 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 74.89 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

SunTrust Leads Banks Higher After Upgrade
Thu, 14 Nov 2013 21:33:00 GMT
TheStreet – Most bank stocks headed higher on Thursday, following Janet Yellen's testimony before the Senate Banking Committee.

November 14, 2013 SunTrust Partners with Operation HOPE to Provide Financial Counselors in Select Branches
Thu, 14 Nov 2013 19:34:10 GMT
noodls – ATLANTA, Nov. 14, 2013 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI) announced today that Operation HOPE financial counselors will be operational in select branch locations in Atlanta, Memphis and Washington, …

SunTrust Partners with Operation HOPE to Provide Financial Counselors in Select Branches
Thu, 14 Nov 2013 18:22:00 GMT
PR Newswire – ATLANTA, Nov. 14, 2013 /PRNewswire/ — SunTrust Banks, Inc. (NYSE: STI) announced today that Operation HOPE financial counselors will be operational in select branch locations in Atlanta, Memphis and Washington, …

Analysts: Kohl’s Losing Market Share to Competition and 3 More Research Notes to Read
Thu, 14 Nov 2013 18:14:14 GMT
Wall St. Cheat Sheet – Here's what analysts are telling investors today.

SUNTRUST BANKS INC Financials
Thu, 14 Nov 2013 18:04:32 GMT

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