Allegheny's most recent trend suggests a bearish bias. One trading opportunity on Allegheny is a Bear Call Spread using a strike $22.50 short call and a strike $27.50 long call offers a potential 5.26% return on risk over the next 18 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $22.50 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 $27.50 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for Allegheny 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 Allegheny is bearish.
The RSI indicator is at 21.49 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 Allegheny
10-Q for Allegheny Technologies, Inc.
Sun, 02 Aug 2015 00:09:54 GMT
Tech and Biotech See Big-Time Insider Buying This Week – Apple, Biogen, Qualcomm and More
Sat, 01 Aug 2015 13:05:19 GMT
WTO ruling against China favors ATI
Fri, 31 Jul 2015 18:36:22 GMT
Q2 2015 consolidated revenue
Fri, 31 Jul 2015 15:39:07 GMT
noodls – Q2 2015 consolidated revenue
US wins WTO ruling on Chinese speciality steel tariffs
Fri, 31 Jul 2015 15:25:57 GMT
Reuters – China failed to comply with a World Trade Organization ruling that found its tariffs on a type of speciality steel products breached global trade rules, a WTO panel said in a ruling on Friday. The United …
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