The Goodyear Tire Offering Possible 12.36% Return Over the Next 39 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 $24.00 short put and a strike $19.00 long put offers a potential 12.36% return on risk over the next 39 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $24.00 by expiration. The full premium credit of $0.55 would be kept by the premium seller. The risk of $4.45 would be incurred if the stock dropped below the $19.00 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 72.32 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

Supreme Court Tosses Human-Rights Suit Against Mercedes-Benz
Tue, 14 Jan 2014 18:07:00 GMT
Forbes – The Supreme Court throws out a case by victims of Argentina's “Dirty War” against Mercedes-Benz, saying California isn't the place to sue.

Goodyear to Announce Fourth Quarter 2013 Financial Results
Mon, 13 Jan 2014 22:21:02 GMT
noodls – AKRON, Ohio, January 13, 2014 – The Goodyear Tire & Rubber Company will report fourth quarter 2013 financial results on Thursday, February 13, to be followed by an investor conference call at 9 a.m. … …

Goodyear to Announce Fourth Quarter 2013 Financial Results
Mon, 13 Jan 2014 21:30:00 GMT
PR Newswire – AKRON, Ohio, Jan. 13, 2014 /PRNewswire/ — The Goodyear Tire & Rubber Company (NASDAQ: GT) will report fourth quarter 2013 financial results on Thursday, February 13, to be followed by an investor conference …

Goodyear Adds Former CIA Spy to Board
Fri, 10 Jan 2014 16:30:51 GMT
Fox Business – The addition of former CIA official Michael Morell comes as the tire company is grappling with heated union tensions in France.

Five Dumbest Things on Wall Street, January 10
Fri, 10 Jan 2014 14:39:30 GMT
TheStreet – General Mills' Seinfeld Schtick and Bernie Madoff's Boneheaded Banker top the Dumbest Things on Wall Street.

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