JP Morgan’s most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $55.00 short put and a strike $50.00 long put offers a potential 14.42% 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 $55.00 by expiration. The full premium credit of $0.63 would be kept by the premium seller. The risk of $4.37 would be incurred if the stock dropped below the $50.00 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 above 80 which suggests that the stock is in overbought territory.
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LATEST NEWS for JP Morgan
JPMorgan $13B deal may not end woes
Wed, 20 Nov 2013 23:30:03 GMT
AAP – The $US13 billion ($A13.97 billion) settlement that JPMorgan Chase has agreed is the largest ever between the US Justice Department and a corporation. Yet it isn’t likely the end of the bank’s legal troubles over the risky mortgage securities it sold before the financial crisis. JPMorgan has several lawsuits pending against it and the mortgage businesses it bought from Bear Stearns and Washington Mutual in 2008. There’s also an ongoing criminal investigation led by the office of US Attorney Benjamin Wagner in Sacramento, California.
Wed, 20 Nov 2013 23:24:55 GMT
AP – ___ For US, shutdown embarrasses but damage won’t last It’s going to take a lot more political bungling to do any permanent damage to America’s reputation or wreck its financial markets. The U.S. government’s …
Identifying JPMorgan’s “Victims”
Wed, 20 Nov 2013 23:14:00 GMT
Motley Fool – A look at JPMorgan’s record settlement.
Chrysler adds four underwriters as it eyes December IPO: sources
Wed, 20 Nov 2013 22:29:38 GMT
Reuters – Chrysler Group LLC has added four banks to help underwrite its proposed initial public offering, as the U.S. automaker looks to launch the deal as soon as early December, according to people familiar with the matter. Barclays Plc (BARC.L), Goldman Sachs Group (GS), Morgan Stanley (MS) and UBS AG (UBSN.VX) have been appointed as bookrunners in the offering, which is being led by JPMorgan Chase & Co (JPM) and Bank of America Merrill Lynch (BAC), the people said on Wednesday. The IPO could price in December, the people said, declining to be identified because the information is private. Chrysler declined to comment.
Chrysler adds four underwriters as it eyes December IPO – sources
Wed, 20 Nov 2013 22:28:59 GMT
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