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 $27.00 short put and a strike $22.00 long put offers a potential 7.53% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $27.00 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 $22.00 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 75.87 level which suggests that the stock is neither overbought nor oversold at this time.
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Tue, 25 Nov 2014 19:30:00 GMT
PR Newswire – AKRON, Ohio, Nov. 25, 2014 /PRNewswire/ — For the millions who plan to drive “over the river and through the woods,” or simply to multiple shopping center parking lots during the upcoming Thanksgiving weekend, The Goodyear Tire & Rubber Company (GT) has advice: Don't forget about the condition of your tires and whether your vehicle is ready for the changing weather conditions during this season. In the midst of dropping temperatures across North America, Goodyear suggests all drivers take a moment and inspect their tires. “Admittedly, motorists may not be in the mood to think about snow, ice and slush,” said Jay Robinson, Goodyear general manager, consumer tires.
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