Discover (DFS) Offering Possible 21.95% Return Over the Next 7 Calendar Days

Discover's most recent trend suggests a bearish bias. One trading opportunity on Discover is a Bear Call Spread using a strike $49.50 short call and a strike $54.50 long call offers a potential 21.95% return on risk over the next 7 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $49.50 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $54.50 long call strike price.

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

The RSI indicator is at 33.87 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

Were Hedge Funds Right About Piling Into Discover Financial Services (DFS)?
Wed, 08 Jul 2020 16:49:26 +0000
We know that hedge funds generate strong, risk-adjusted returns over the long run, which is why imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, professional investors have to conduct complex analyses, spend many resources and use tools that are not […]

3 Top Dividend Stocks to Buy Right Now
Wed, 08 Jul 2020 13:09:10 +0000
On the other hand, with no end to the coronavirus pandemic in sight as we inch closer to what could be a landmark presidential election, the volatile market environment may not be changing anytime soon either. The 64% drubbing credit card stock Discover Financial Services (NYSE: DFS) suffered between mid-February and mid-March was brutal, but understandable.

Discover Releases Latest Corporate Responsibility Report
Wed, 08 Jul 2020 12:00:00 +0000
Discover’s latest Corporate Responsibility Report, published today, shares actions the company has taken to improve lives and strengthen communities by helping people achieve brighter financial futures. That purpose is even more critical now, as Americans face financial hardship resulting from economic impacts of the pandemic and unequal opportunity in our society. The company recognizes its role in being part of the change being sought in this country and is committed to making a positive difference through its practices.

Saudi Payments and Discover Sign Network Alliance Agreement
Wed, 08 Jul 2020 11:30:00 +0000
Saudi Payments and Discover Sign Network Alliance Agreement

American Express, Discover, Mastercard and Visa to Power Global Expansion of Simple, Consistent Digital Checkout Experience
Wed, 08 Jul 2020 10:00:00 +0000
E-commerce has reached new heights around the world, as more consumers are going online to make secure, touch-free purchases across various merchants and platforms. Now, it’s more important than ever that the online checkout experience is seamless and consistent across all types of digital channels and cards. Today, American Express, Discover, Mastercard and Visa announced they are each beginning technical preparations for global expansion of the Click to Pay online checkout – based on the EMV® Secure Remote Commerce industry standard – in additional geographies including Australia, Brazil, Canada, Hong Kong, Ireland, Kuwait, Malaysia, Mexico, New Zealand, Qatar, Saudi Arabia, Singapore, United Arab Emirates and the United Kingdom, with others to follow.

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