FirstEnergy Offering Possible 5.26% Return Over the Next 26 Calendar Days

FirstEnergy’s most recent trend suggests a bearish bias. One trading opportunity on FirstEnergy is a Bear Call Spread using a strike $34.00 short call and a strike $39.00 long call offers a potential 5.26% return on risk over the next 26 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $34.00 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 rose above the $39.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for FirstEnergy is bearish and the probability of a decline in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for FirstEnergy is bearish.

The RSI indicator is at 23.95 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 FirstEnergy

Penelec Union Locked Out After Rejecting Last, Best, Final Contract Offer
Mon, 25 Nov 2013 12:48:01 GMT
noodls – READING, Pa., Nov. 25, 2013 — FirstEnergy Corp. (NYSE: FE) today declared a lockout of members of Utility Workers Union of America (UWUA) Local 180 at its Pennsylvania Electric Company (Penelec) subsidiary. …

InPlay: FirstEnergy declares a lockout of members of Utility Workers Union of America Local 180 at its Pennsylvania Electric subsidiary
Mon, 25 Nov 2013 12:25:37 GMT

Penelec Union Locked Out After Rejecting Last, Best, Final Contract Offer
Mon, 25 Nov 2013 12:24:00 GMT
PR Newswire – READING, Pa., Nov. 25, 2013 /PRNewswire/ — FirstEnergy Corp. (FE) today declared a lockout of members of Utility Workers Union of America (UWUA) Local 180 at its Pennsylvania Electric Company (Penelec) subsidiary. UWUA Local 180 represents approximately 140 Penelec line, substation, clerks, and meter services employees in the Altoona, Huntingdon, Lewistown, and Shippensburg areas. “Providing safe and reliable service is a top priority at Penelec as we focus on minimizing any inconvenience our customers might experience as a result of this action,” said Dave Karafa, president, Pennsylvania Operations, FirstEnergy. “While a lockout is not something we take lightly at FirstEnergy, we do not believe Local 180 has demonstrated the same level of commitment to reaching an agreement as the company. We were hopeful Local 180 members would ratify this contract proposal, which includes wage increases and benefits similar to other FirstEnergy utility union employees.”

Met-Ed Announces “Merry & Bright” Holiday Lights Photo Contest
Thu, 21 Nov 2013 19:00:00 GMT
PR Newswire – READING, Pa., Nov. 21, 2013 /PRNewswire/ — Metropolitan Edison Company (Met-Ed) invites customers to show off their best and brightest outdoor holiday light displays by entering its “Merry & Bright” …

JCP&L Announces “Merry & Bright” Holiday Lights Photo Contest
Thu, 21 Nov 2013 19:00:00 GMT
PR Newswire – MORRISTOWN, N.J., Nov. 21, 2013 /PRNewswire/ — Jersey Central Power & Light (JCP&L) invites customers to show off their best and brightest outdoor holiday light displays by entering its “Merry & …

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