SunTrust (STI) Offering Possible 5.04% Return Over the Next 9 Calendar Days

SunTrust's most recent trend suggests a bearish bias. One trading opportunity on SunTrust is a Bear Call Spread using a strike $37.00 short call and a strike $42.00 long call offers a potential 5.04% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $37.00 by expiration. The full premium credit of $0.24 would be kept by the premium seller. The risk of $4.76 would be incurred if the stock rose above the $42.00 long call 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

SunTrust says cooperating with U.S. foreclosure probe
Wed, 06 Aug 2014 23:40:39 GMT
Reuters – UK Focus – SunTrust Banks Inc (NYSE: STI – news) said on Wednesday it is cooperating with the office of U.S. Attorney Preet Bharara in New York on a broader industry investigation into expenses charged by law firms in connection with foreclosures. In a regulatory filing, the Atlanta (BSE: ATLANTA.BO – news) -based regional bank said the expenses relate to foreclosures of loans guaranteed or insured by government-controlled mortgage companies Fannie Mae or Freddie Mac, or by the Federal Housing Administration. It said it has had a “dialogue” with Bharara's office to resolve the matter, but did not reach an agreement.

SunTrust says cooperating with U.S. foreclosure probe
Wed, 06 Aug 2014 23:40:39 GMT
Reuters – SunTrust Banks Inc said on Wednesday it is cooperating with the office of U.S. Attorney Preet Bharara in New York on a broader industry investigation into expenses charged by law firms in connection with foreclosures. In a regulatory filing, the Atlanta-based regional bank said the expenses relate to foreclosures of loans guaranteed or insured by government-controlled mortgage companies Fannie Mae or Freddie Mac, or by the Federal Housing Administration. SunTrust said the investigation relates to a private whistleblower lawsuit that was filed under seal and remains in early stages. It said it has had a “dialogue” with Bharara's office to resolve the matter, but did not reach an agreement.

SunTrust says cooperating with U.S. foreclosure expense probe
Wed, 06 Aug 2014 23:00:43 GMT
Reuters – SunTrust Banks Inc, a U.S. southeast regional bank, on Wednesday said it is cooperating with the office of U.S. Attorney Preet Bharara in New York in a broader-based industry investigation regarding claims for foreclosure-related expenses charged by law firms. In a regulatory filing, the Atlanta-based lender said the charges concern the foreclosure of loans guaranteed or insured by government-controlled mortgage companies Fannie Mae or Freddie Mac, or by the Federal Housing Administration. SunTrust said the probe relates to a private whistleblower lawsuit that was filed under seal, and which remains in its early stages.

SunTrust Says Cooperating With U.S. Foreclosure Probe
Wed, 06 Aug 2014 21:58:17 GMT

[$$] SunTrust Cooperating With Foreclosure Expenses Probe
Wed, 06 Aug 2014 21:44:23 GMT

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