Consolidated Edis (ED) Offering Possible 20.48% Return Over the Next 13 Calendar Days

Consolidated Edis's most recent trend suggests a bearish bias. One trading opportunity on Consolidated Edis is a Bear Call Spread using a strike $76.00 short call and a strike $81.00 long call offers a potential 20.48% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $76.00 by expiration. The full premium credit of $0.85 would be kept by the premium seller. The risk of $4.15 would be incurred if the stock rose above the $81.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Consolidated Edis 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 Consolidated Edis is bearish.

The RSI indicator is at 25.75 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 Consolidated Edis

Analysts Are Cautious on FirstEnergy but Expect a Robust Gain
Mon, 31 Dec 2018 15:31:32 +0000
Of the 18 analysts tracking FirstEnergy (FE), eight recommend “buy,” six recommend “hold,” and four recommend “strong buy.” Their median target price of $40.70 for the stock implies a ~14% upside over the next 12 months based on its current price of $35.80.

How FirstEnergy’s Dividend Yield Compares with Peers’
Mon, 31 Dec 2018 14:01:59 +0000
FirstEnergy’s (FE) forward dividend yield is 4.2%—higher than many top utilities’ and just below its five year average of ~4.8%. Meanwhile, the Utilities Select Sector SPDR ETF’s (XLU) forward yield is 3.4%, Xcel Energy’s (XEL) is 3.3%, and Consolidated Edison’s (ED) is 3.9%. FirstEnergy’s dividend growth has been disappointing, mainly due to its relatively unstable earnings.

Is FirstEnergy Stock a Good Bargain?
Mon, 31 Dec 2018 12:32:59 +0000
FirstEnergy (FE) stock’s valuation is lower than its historical average and peers’ average. Its forward PE multiple, based on analysts’ 2019 EPS estimate, is 14x. Meanwhile, its five-year historical average is ~17x and peers’ average is ~15x.

Why a Substation Fire Turned New York City's Sky Bright Blue
Fri, 28 Dec 2018 19:42:27 +0000
It was so startling that Twitter ran wild with UFO conspiracy theories. In fact, there are a lot of metals used in substations, especially in transformers, said Thomas Converse, president of the energy and engineering firm LIG Consultants in Canton, Massachusetts.

[$$] ConEd Substation Fire Causes Flash of Blue Light Over New York
Fri, 28 Dec 2018 05:14:18 +0000
A power utility’s substation briefly caught fire in Queens Thursday night, officials said, causing a thunderous boom and pulsating blue light that illuminated New York City’s skyline. The fire, which started around 9:10 p.m. in the borough’s Astoria neighborhood, was sparked by an electrical surge at a Con Edison substation, Mayor Bill de Blasio said in a statement on Twitter. A Con Edison spokesman also said the fire was at its substation but couldn't immediately provide more information.

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