The Goodyear Tire (GT) Offering Possible 6.38% Return Over the Next 11 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 $25.00 short call and a strike $30.00 long call offers a potential 6.38% return on risk over the next 11 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $25.00 by expiration. The full premium credit of $0.30 would be kept by the premium seller. The risk of $4.70 would be incurred if the stock rose above the $30.00 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 at 40.21 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for The Goodyear Tire

GOODYEAR TIRE & RUBBER CO /OH/ Financials
Sat, 03 May 2014 17:04:08 GMT

Goodyear Tire: Are Investors Ignoring Operating Margin Improvements?
Fri, 02 May 2014 20:41:41 GMT

GOODYEAR TIRE & RUBBER CO /OH/ Files SEC form 10-Q/A, Quarterly Report
Fri, 02 May 2014 10:04:16 GMT

Ram chooses Goodyear Wrangler Tires for 2014 Power Wagon
Wed, 30 Apr 2014 14:54:00 GMT
PR Newswire – AKRON, Ohio, April 30, 2014 /PRNewswire/ — With the launch of its new 2014 Power Wagon, Ram Trucks says it has developed the most off-road-capable pickup on the market. To balance the need for on-road civility and off-road performance, Ram chose to equip the Power Wagon with Goodyear Wrangler DuraTrac® tires. Built to master the most rigorous off-road trails, the 2014 Ram Power Wagon is based on the Ram 2500 Heavy Duty 4×4 Crew Cab, but features a number of off-road-specific engineering enhancements, including a unique suspension with more than two inches of lift, locking differentials and a 12,000-pound winch. Goodyear's 33-inch Wrangler DuraTrac tires, size LT285/70R17, provide the Power Wagon with traction to face rugged off-road terrain—such as sand, mud and snow—while still offering a quiet ride on paved roads.

Goodyear Tire (GT) in Focus: Stock Tumbles 7.7%
Wed, 30 Apr 2014 11:02:12 GMT

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