The Goodyear Tire (GT) Offering Possible 5.26% Return Over the Next 9 Calendar Days

The Goodyear Tire's most recent trend suggests a bearish bias. One trading opportunity on The Goodyear Tire is a Bear Call Spread using a strike $24.50 short call and a strike $29.50 long call offers a potential 5.26% 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 $24.50 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock rose above the $29.50 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for The Goodyear Tire 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 The Goodyear Tire 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 The Goodyear Tire

Cooper Tire Gains Traction With Buyback, Sales Volume
Thu, 07 Aug 2014 18:55:00 GMT

GOODYEAR TIRE & RUBBER CO /OH/ Financials
Wed, 06 Aug 2014 17:04:14 GMT

Weakness Seen in Goodyear (GT): Stock Tumbles 8%
Thu, 31 Jul 2014 11:27:39 GMT

Stocks flatten out after Fed delivers no surprises
Wed, 30 Jul 2014 20:40:18 GMT

Why Goodyear Tire (GT) Stock Declined Today
Wed, 30 Jul 2014 20:19:00 GMT

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