The Goodyear Tire (GT) Offering Possible 6.38% Return Over the Next 6 Calendar Days

The Goodyear Tire's most recent trend suggests a bullish bias. One trading opportunity on The Goodyear Tire is a Bull Put Spread using a strike $33.50 short put and a strike $28.50 long put offers a potential 6.38% return on risk over the next 6 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $33.50 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 dropped below the $28.50 long put strike price.

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

The RSI indicator is at 63.51 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 The Goodyear Tire

Goodyear to Present at Deutsche Bank Auto Industry Conference
Wed, 10 Jan 2018 22:30:00 +0000
AKRON, Ohio, Jan. 10, 2018 /PRNewswire/ — The Goodyear Tire & Rubber Company (GT) today said it will webcast its presentation at the 2018 Deutsche Bank Global Auto Industry Conference in Detroit on Jan. 17, 2018. Richard J. Kramer, chairman, chief executive officer and president and Laura K. Thompson, executive vice president and chief financial officer, will provide a business overview and discuss the company's strategies.

Goodyear Reimagines Mascots as Giant Tire Sculptures
Wed, 27 Dec 2017 18:12:00 +0000
The Ohio State University's Brutus and University of Southern California's Tommy Trojan were constructed from more than 400 Goodyear-branded tires, took 375 hours to make, stand more than six feet tall and weigh between 250-300 pounds. The mascots made of tires will serve as the centerpiece for many of the Goodyear Cotton Bowl Classic festivities leading up to the game on Dec. 29 in Texas. Each sculpture will be donated by Goodyear to the Universities and permanently installed at their respective campuses after the game.

ETFs with exposure to Goodyear Tire & Rubber Co. : December 20, 2017
Wed, 20 Dec 2017 16:45:06 +0000
Categories: ETFs Yahoo FinanceClick here to see latest analysis ETFs with exposure to Goodyear Tire & Rubber Co. Here are 5 ETFs with the largest exposure to GT-US. Comparing the performance and risk of Goodyear Tire & Rubber Co. with the ETFs that have exposure to it gives us some ETF choices that could give us similar returns … Read more
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Morgan Stanley On Autos: Expect Autonomous ‘Noise,' ‘Idiosyncratic' Returns
Tue, 19 Dec 2017 16:34:50 +0000
Auto sales have declined between 1 and 2 percent off 2016’s all-time highs and market experts expect no recovery. Although still considering autos a “core” business line, Morgan Stanley is cautious on …

6 Stocks With Negative Performance in Gurus” Portfolios
Mon, 18 Dec 2017 17:39:31 +0000
Goodyear, Toro among companies with falling stock prices and returns

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