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 5.04% return on risk over the next 26 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 $0.24 would be kept by the premium seller. The risk of $4.76 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.
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 JP Morgan
Three Misconceptions on the J.P. Morgan Deal
Mon, 25 Nov 2013 21:44:17 GMT
The Wall Street Journal – J.P. Morgan’s $13 billion deal with regulators underscores a key truth: Banks shouldn’t fight the Feds. Yet misunderstandings about the settlement remain, writes Francesco Guerrera.
The J.P. Morgan Settlement: Misconceptions Debunked
Mon, 25 Nov 2013 20:33:32 GMT
The Wall Street Journal – The “main take-away” for banks from the $13 billion settlement between J.P. Morgan and the Justice Department: Don’t fight the Feds.
Huge Settlements Hurt Investor Confidence
Mon, 25 Nov 2013 20:02:44 GMT
Fox Business – Why is former hedge fund titan Raj Rajaratnam the only Wall Street big shot in jail?
Violin Memory Screeches As Lead Underwriter, JPMorgan, Drops The Violin
Mon, 25 Nov 2013 18:53:49 GMT
Seeking Alpha – As the technology sector roars to new highs, investors’ eyes have turned to tech stocks like Violin Memory ( VMEM ) with interest. This particular company has been the subject of a number of mixed analysts’ …
J.P. Morgan Shares Jump to Highest Level Ever Under Dimon’s Reign
Mon, 25 Nov 2013 18:17:02 GMT
The Wall Street Journal – J.P. Morgan Chase & Co.’s shares jumped to their highest level so far under the tenure of Chief Executive Jamie Dimon, days after the bank struck a $13 billion settlement with the Department of Justice …
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