SunTrust (STI) Offering Possible 5.49% Return Over the Next 26 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 5.49% return on risk over the next 26 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 $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock dropped below the $32.00 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 55.35 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

Here's what companies were saying about the economy this week
Fri, 24 Oct 2014 14:16:10 GMT

October 22, 2014 SunTrust Mortgage Inducted into Mortgage Bankers Association Hall of Honor Program
Wed, 22 Oct 2014 17:22:27 GMT
noodls – ATLANTA, Oct. 22, 2014 /PRNewswire/ — SunTrust Mortgage, Inc., a division of SunTrust Banks, Inc. (NYSE: STI) has been inducted into the Mortgage Bankers Association's (MBA) Hall of Honor program for …

SunTrust Mortgage Inducted into Mortgage Bankers Association Hall of Honor Program
Wed, 22 Oct 2014 17:09:00 GMT
PR Newswire – ATLANTA, Oct. 22, 2014 /PRNewswire/ — SunTrust Mortgage, Inc., a division of SunTrust Banks, Inc. (STI) has been inducted into the Mortgage Bankers Association's (MBA) Hall of Honor program for its commitment to U.S. “At SunTrust we are proud to provide our military heroes and military personnel and their families with the financial services and assistance to help them achieve their goals and make their transition to civilian life as seamless as possible,” said Jerome Lienhard, president and CEO of SunTrust Mortgage, Inc. The MBA's Hall of Honor program was created to acknowledge member companies with programs serving the nation's heroes in three categories—financial counseling, employment assistance and homeownership assistance. SunTrust is one of 17 companies nationwide to be honored by MBA this week at its 2014 Annual Convention.

[$$] SunTrust Profit Surges
Fri, 17 Oct 2014 18:57:56 GMT

Suntrust Banks (STI) Earnings Report: Q3 2014 Conference Call Transcript
Fri, 17 Oct 2014 17:38:00 GMT

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