Discover (DFS) Offering Possible 20.48% Return Over the Next 10 Calendar Days

Discover's most recent trend suggests a bearish bias. One trading opportunity on Discover is a Bear Call Spread using a strike $69.50 short call and a strike $74.50 long call offers a potential 20.48% return on risk over the next 10 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $69.50 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 $74.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Discover 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 down which suggests that the medium-term momentum for Discover is bearish.

The RSI indicator is at 35.62 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 Discover

Discover Survey Suggests Financial Education Courses Are Helping Americans Become More Confident with Their Finances
Thu, 01 Nov 2018 12:00:00 +0000
Fifty-nine percent of Americans ages 18-26 who have taken a financial education course believe the lessons will save them more than $10,000 over the course of their lifetimes, according to a new survey from Discover. Discover released the survey results today in conjunction with Discovery Education as the two companies announced their Pathway to Financial Success in Schools program will be extended to a younger age group: middle school students. The program provides comprehensive financial literacy curriculum free of charge through self-paced modules, classroom activities and family extension activities.

Federal Reserve unveils proposal to ease regulations for larger banks
Wed, 31 Oct 2018 20:22:12 +0000
The Federal Reserve said on Wednesday it wants to ease regulations for U.S. lenders with less than $700 billion in assets, a way to lessen the burden on big commercial lenders that do not have volatile Wall Street businesses. Under the Fed proposal, midsized lenders including U.S. Bancorp (USB.N), Capital One Financial Corp (COF.N), PNC Financial Corp (PNC.N) and Charles Schwab Corp (SCHW.N) would face lower liquidity and compliance requirements, and smaller banks would get even easier treatment. The proposal stems from a law Congress passed in May that ordered the Fed to reduce regulatory burdens on community and regional lenders.

Market Morning: Record Down Days, Biotech Buyback Busts, Coke Raising Prices, Credit Tightens
Wed, 31 Oct 2018 11:00:04 +0000
One More Down Day and S&P 500 Ties 50-Year Record The S&P 500 (NYSEARCA:SPY) has been down 16 days in the month of October. If it closes down today, that will make 17, the most down days in a single month since 1970. While futures are up significantly this morning, there have been large reversals […] The post Market Morning: Record Down Days, Biotech Buyback Busts, Coke Raising Prices, Credit Tightens appeared first on Market Exclusive.

Discover Financial Services — Moody's upgrades Discover Financial's ratings
Wed, 31 Oct 2018 00:29:06 +0000
Moody's Investors Service has upgraded the ratings of Discover Financial Services (DFS) and its Discover Bank subsidiary. DFS's long-term senior unsecured debt rating was upgraded to Baa3 from Ba1, its bank subsidiary's long-term senior unsecured debt rating was upgraded to Baa2 from Baa3, its deposit ratings were upgrade to A2/Prime-1 from A3/Prime-2 and its standalone baseline credit assessment (BCA) was upgraded to baa2 from baa3.

3 Big Takeaways From Discover Financial Services' Third Quarter
Tue, 30 Oct 2018 14:39:16 +0000
This credit-card company has a new CEO and is growing its loan portfolio nicely, but one nagging concern remains.

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