JP Morgan’s most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $52.50 short put and a strike $47.00 long put offers a potential 10% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $52.50 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $5.00 would be incurred if the stock dropped below the $47.00 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan 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 JP Morgan is bullish.
The RSI indicator is at 62.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for JP Morgan
Moody’s cuts ratings of three big US banks
Thu, 14 Nov 2013 23:08:55 GMT
Financial Times – Moody’s has cut the credit ratings of big US banks including Morgan Stanley, Goldman Sachs and JPMorgan Chase, after deciding that the federal government is less likely to bail the financial institutions …
Will JPMorgan Really Get Busted?
Thu, 14 Nov 2013 23:06:28 GMT
Motley Fool – Are JPMorgan’s activities in China overblown?
Warren to Yellen: Focus on banks
Thu, 14 Nov 2013 23:02:00 GMT
CNNMoney.com – No Article Body
JPMorgan’s Hiring Practices in China Raise Red Flags At the SEC
Thu, 14 Nov 2013 22:32:03 GMT
Wall St. Cheat Sheet – Earlier in August, one of the many investigations regulators had launched into JPMorgan Chase involved its hiring practices in China.
Moody’s cuts Morgan, Goldman & J.P. Morgan debt
Thu, 14 Nov 2013 22:03:09 GMT
MarketWatch – NEW YORK (MarketWatch) — Moody’s has concluded its review of the eight biggest U.S. banks and lowered the ratings by one notch of the senior debt of Morgan Stanley , Goldman Sachs Group Inc. , J.P. Morgan …
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