Sysco (SYY) Offering Possible 5.82% Return Over the Next 34 Calendar Days

Sysco's most recent trend suggests a bullish bias. One trading opportunity on Sysco is a Bull Put Spread using a strike $70.00 short put and a strike $60.00 long put offers a potential 5.82% return on risk over the next 34 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $70.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $9.45 would be incurred if the stock dropped below the $60.00 long put strike price.

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

The RSI indicator is at 55.2 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 Sysco

Can United Natural Gain on Strong Brands Despite High Costs?
Thu, 15 Aug 2019 13:33:01 +0000
United Natural (UNFI) gains from strong brands. It is on track with cost-saving efforts. However, rising costs and adverse consumer mix are hurdles.

Sysco Delivers: Street Remains Bullish On Food Service Company After Q4 Beat
Tue, 13 Aug 2019 15:56:33 +0000
Wall Street analysts remained bullish on Sysco Corporation (NYSE: SYY) Tuesday after the food distributor beat expectations on earnings despite lower volume growth thanks to strong cost containment. Sysco posted fourth-quarter earnings of $1.10 per share, topping the Street’s $1.06 estimate, with the company citing low operating expense growth and a lower tax rate. Buckingham Research analyst Bob Summers reiterated a Buy rating on Sysco with an $84 price target.

Sysco (SYY) to Bolster Portfolio With the Buyout of J. Kings
Tue, 13 Aug 2019 14:09:02 +0000
Buyout of J. Kings Food Service Professionals is likely to strengthen Sysco's (SYY) distribution network in New York.

Company News For Aug 13, 2019
Tue, 13 Aug 2019 13:58:01 +0000
Companies In The News Are: KHC,SYY,CBS,VIAB,CLDR

Sysco Acquires J. Kings Food Service Professionals
Mon, 12 Aug 2019 21:00:00 +0000
Sysco Corporation (SYY), the leading global foodservice distribution company, today announced it has acquired J. Kings Food Service Professionals, a New York broadline distributor with approximately $150 million in annual sales. J. Kings Food Service Professionals, headquartered in Holtsville, New York, was founded by John King more than 45 years ago. Today, the company has grown to one of the leading independent broadline distributors in the New York area, also servicing customers in Connecticut and New Jersey.

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