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 $45.00 long put offers a potential 6.38% 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 $52.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $7.05 would be incurred if the stock dropped below the $45.00 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 65.76 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for JP Morgan
JPMorgan Has Designs on the ‘Smart Beta’ ETF Boom
Tue, 22 Oct 2013 01:10:00 GMT
Barrons.com – If you think the exchange-traded fund market is crowded, think again. J.P. Morgan Asset Management just outlined plans to enter the booming “smart beta” ETF business. They’re just one of several …
BofA Said to Face Three More U.S. Probes of Mortgage-Bond Sales
Tue, 22 Oct 2013 00:32:46 GMT
Bloomberg – Bank of America Corp., sued by U.S. attorneys in August over an $850 million mortgage bond, faces three additional Justice Department civil probes over mortgage- backed securities, according to two people …
[$$] J.P. Morgan Aimed to Limit Damage
Tue, 22 Oct 2013 00:10:36 GMT
The Wall Street Journal – J.P. Morgan is willing to pay a steep price to settle with the Justice Department over soured mortgage securities, but it is getting one thing it wanted: It won’t have to pay heavy penalties for the sins …
Former JPMorgan executive challenges UK’s London Whale report
Mon, 21 Oct 2013 23:43:05 GMT
JPMorgan’s $13 Billion Settlement: Too Much, Too Little, or Just Right?
Mon, 21 Oct 2013 23:32:21 GMT
Motley Fool – Just how bad is a $13 billion fine for a cash-generating machine like JPMorgan?
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