Dominion Resource (D) Offering Possible 11.11% Return Over the Next 27 Calendar Days

Dominion Resource's most recent trend suggests a bullish bias. One trading opportunity on Dominion Resource is a Bull Put Spread using a strike $75.00 short put and a strike $70.00 long put offers a potential 11.11% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $75.00 by expiration. The full premium credit of $0.50 would be kept by the premium seller. The risk of $4.50 would be incurred if the stock dropped below the $70.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Dominion Resource 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 Dominion Resource is bullish.

The RSI indicator is at 61.03 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 Dominion Resource

Trump Weighs Limits on Uranium Imports After Commerce Cites Security Risk
Thu, 20 Jun 2019 18:36:45 +0000
(Bloomberg) — The U.S. Commerce Department has recommended the White House take steps to protect the domestic production of uranium after finding the nation’s reliance on imports was a national security risk, said three people briefed on the matter.Among the trade remedies recommended is to require nuclear power plants to purchase a minimum of 5% of the radioactive fuel from U.S. mines, said the people, who requested anonymity to discuss non-public deliberations. Two of the people said an option under consideration would see the quota escalate by 5 percentage points a year.A decision to impose the quotas would be a boon to the two small mining companies that petitioned the Commerce Department to take action, Energy Fuels Inc. and Ur-Energy Inc. The move would increase costs for nuclear reactor operators that are already struggling in the face of competition from cheaper sources of power generated by natural gas and renewables. Domestic nuclear providers rose on the news, with Uranium Energy Corp. up as much as 3.9%, Energy Fuels rising as much as 3.5% and Ur-Energy paring earlier losses to rise less than 1%.The Commerce Department concluded in April that the imports harmed national security, delivering a confidential report on the matter to the White House at the time, the people said.The White House didn’t immediately respond to a request for comment. A spokeswoman for the Commerce Department declined to comment on the contents of the uranium report and said it is at the White House. Confidential MeetingThe recommendations have yet to be presented to President Donald Trump, and a meeting on the matter between him and advisers on the issue that had been scheduled for Thursday was delayed, two people said.The matter is far from final, but one person said it is certain that the White House appears poised to take action. Other options being considered include doing nothing or putting limits on uranium from specific countries, one of the people said.Canadian Prime Minister Justin Trudeau, who met with Trump on Thursday, was expected to make the case against import quotas on uranium, which his country produces.The Trump administration was asked by the two domestic uranium producers to impose a 25% domestic market quota on the grounds imports of uranium are a threat to national security. Wide Latitude A finding that the imports of uranium are harming U.S. national security gives Trump wide latitude to impose a trade remedy of his choosing — or do nothing at all — using the same trade law the administration has successfully used to slap tariffs on steel and aluminum imports.While the domestic uranium producers, both of which are based in Colorado, initially asked the administration for a 25% quota, a lower amount could be a compromise that he utilities and the producers could live with, analysts have said.Nuclear utilities, which have estimated a 25% quota could cost them as much as $800 million annually, remain hopeful Trump will decide against any trade action.“President Trump is a longstanding champion for the U.S. nuclear industry, rightly recognizing the enormous economic and energy benefits that U.S. nuclear power delivers to American consumers,” said the Ad Hoc Utilities Group, which counts Exelon Corp., Duke Energy Corp., and Dominion Energy Inc. as members. “The U.S. nuclear industry supports 100,000 jobs while the two petitioners support a total of 150 jobs.” Australia, RussiaCurrently, the nuclear power industry gets nearly all of its uranium from sources such as Australia, Canada, Kazakhstan, and Russia.The U.S. uranium industry produced roughly 700,000 pounds in 2018, according to Chris Gadomski, a nuclear industry analyst at Bloomberg New Energy Finance. A 5% quota would translate to between 2 million and 2.5 million pounds, he said.The two miners who petitioned for the case have already begun expanding their mines in anticipation of a favorable decision.Executives from both companies said in a statement they were pleased “the administration continues to recognize the unique national, energy and economic security role of domestic uranium production.”“We continue to believe that reserving 25% of domestic demand for U.S. uranium is the most effective tool for sustaining domestic production of this critical mineral,” they said. (Updates with statement from uranium miners in last paragraph.)\–With assistance from Josh Wingrove and Will Wade.To contact the reporters on this story: Ari Natter in Washington at anatter5@bloomberg.net;Jenny Leonard in Washington at jleonard67@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, ;Margaret Collins at mcollins45@bloomberg.net, Elizabeth Wasserman, Ros KrasnyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

How Analysts Rate SO, PPL, and D
Tue, 18 Jun 2019 18:40:42 +0000
Southern Company (SO) stock presents a downside of ~4.0% from its current price level of $55.5. Analysts have given Southern Company stock a target price of $53.3. Of the 20 analysts tracking Southern Company, two analysts rated the stock as a “buy,” 13 analysts rated it as a “hold,” four analysts rated it a “sell,” and one analyst rated it as a “strong sell” as of June 18.

What You Should Know about Dominion Energy’s Dividend Profile
Tue, 18 Jun 2019 18:40:40 +0000
Dominion Energy (D), the third largest utility stock by market cap, offers a yield of 5.2%, significantly higher than peers. Its long dividend payment history is indeed attractive compared to other top utilities.

Which Utility Stocks Have the Highest Dividend Yields Right Now?
Tue, 18 Jun 2019 18:40:37 +0000
The utilities sector continues to offer a premium dividend yield along with stable upward price movement. On average, utility stocks are currently yielding 3.2%, while broader markets offer a yield close to ~2%.

Alliant Energy Arm to Issue $350M Debentures for Refinancing
Tue, 18 Jun 2019 12:24:12 +0000
Alliant Energy (LNT), which continues to lower emissions, plans to add more renewable assets to its production portfolio through regular investment.

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