Sysco (SYY) Offering Possible 7.53% Return Over the Next 3 Calendar Days

Sysco's most recent trend suggests a bullish bias. One trading opportunity on Sysco is a Bull Put Spread using a strike $65.50 short put and a strike $60.50 long put offers a potential 7.53% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $65.50 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $60.50 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 77.24 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

NRG inks solar power deal with Sysco
Fri, 08 Jun 2018 13:24:52 +0000
“In addition to renewable energy, it also has those marketing attributes and the ability to actually point to a physical facility.”

Free Research Report as Sysco’s Sales Jumped 6.1% and Adjusted EPS Surged 31.4%
Fri, 08 Jun 2018 11:10:00 +0000
LONDON, UK / ACCESSWIRE / June 08, 2018 / If you want access to our free earnings report on Sysco Corp. (NYSE: SYY), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=SYY. The Company reported its third quarter fiscal 2018 operating and financial results on May 03, 2018. The food distributor surpassed revenue and earnings estimates.

Trump is ‘doing some really brave things' on trade, says billionaire investor Peltz
Thu, 07 Jun 2018 14:59:00 +0000
Nelson Peltz tells The Deal conference in New York that the president is doing “brave things” on trade. The Trump administration is pushing several countries on trade, including China, where it just announced tariffs on $50 billion worth of imported goods, as well as Canada, the EU and Mexico. Negotiations with Canada and Mexico on the 24-year-old North American Free Trade Agreement are also underway.

Sysco (SYY) Up 3.6% Since Earnings Report: Can It Continue?
Wed, 06 Jun 2018 14:59:02 +0000
Sysco (SYY) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

Sysco Announces Multi-Site Solar Garden Project in Texas
Wed, 06 Jun 2018 12:00:00 +0000
Sysco Corporation (SYY), the leading global foodservice distribution company, announced today that the Company has signed a ten-year renewable energy agreement with a subsidiary of NRG Energy, Inc. As part of the agreement, three solar garden sites are being constructed in the Houston and Dallas areas, which will support approximately 10 percent of Sysco’s U.S. electricity usage. “We are excited to further Sysco’s commitment to corporate social responsibility,” said Tom Bené, Sysco’s president and chief executive officer. “The Texas Solar Garden Project is a new addition to several initiatives we have in place to address our carbon footprint.

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