The Goodyear Tire (GT) Offering Possible 8.7% Return Over the Next 18 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 $23.50 short put and a strike $18.50 long put offers a potential 8.7% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $23.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $18.50 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 above 80 which suggests that the stock is in overbought 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

Goodyear to Present at Goldman Sachs Industrials Conference
Mon, 03 Nov 2014 22:28:52 GMT
noodls – AKRON, Ohio, November 3, 2014 – The Goodyear Tire & Rubber Company today said it will webcast its presentation at the 2014 Goldman Sachs Industrials Conference in Boston on November 12. … This is an …

Goodyear to Present at Goldman Sachs Industrials Conference
Mon, 03 Nov 2014 21:15:00 GMT
PR Newswire – AKRON, Ohio, Nov. 3, 2014 /PRNewswire/ — The Goodyear Tire & Rubber Company (GT) today said it will webcast its presentation at the 2014 Goldman Sachs Industrials Conference in Boston on November 12. Laura K. Thompson, executive vice president and chief financial officer, will provide a business overview and discuss the company's strategies. A live audio webcast of the presentation will be available at 9:20 a.m. on the company's investor relations Web site: http://investor.goodyear.com. Prior to the webcast, the company will post the financial and other related information that will be presented on its investor relations Web site.

10-Q for Goodyear Tire & Rubber Co.
Sat, 01 Nov 2014 00:08:27 GMT

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Fri, 31 Oct 2014 16:44:00 GMT

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