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 $25.00 short put and a strike $20.00 long put offers a potential 5.26% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $25.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $20.00 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 76.74 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
Rubber Bear Market Boosts Bridgestone as Inventory Swells
Wed, 19 Feb 2014 23:55:18 GMT
World Weather Gone Haywire – Effects On Brazil, Natural Gas, CRB Index And The Economy
Wed, 19 Feb 2014 22:54:08 GMT
GOODYEAR TIRE & RUBBER CO /OH/ Financials
Wed, 19 Feb 2014 18:04:11 GMT
Goodyear: Margin Strength In The Trough Suggests Significant Earnings Power Ahead
Wed, 19 Feb 2014 11:36:09 GMT
Stock Downgrades: Weight Watchers Loses the Love Handles After Its Valentine's Day Massacre
Tue, 18 Feb 2014 14:20:00 GMT
Related Posts
Also on Market Tamer…
Follow Us on Facebook