Duke Energy (DUK) Offering Possible 8.7% Return Over the Next 23 Calendar Days

Duke Energy's most recent trend suggests a bearish bias. One trading opportunity on Duke Energy is a Bear Call Spread using a strike $92.50 short call and a strike $97.50 long call offers a potential 8.7% return on risk over the next 23 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $92.50 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock rose above the $97.50 long call strike price.

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

The RSI indicator is at 28.43 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 Duke Energy

Did You Participate In Any Of Duke Energy's (NYSE:DUK) Respectable 48% Return?
Sun, 21 Feb 2021 07:36:33 +0000
The main point of investing for the long term is to make money. Better yet, you'd like to see the share price move up…

Duke Energy crews restore power in Carolinas as milder winter storm moves through region
Thu, 18 Feb 2021 23:31:00 +0000
Slightly warmer temperatures today than most meteorologists had predicted have resulted in fewer ice-related power outages than initially projected for Duke Energy's Carolinas customers as a winter storm moves through the region.

Winter Storm to Dump Snow on New York and Icy Rain on Texas
Wed, 17 Feb 2021 18:44:14 +0000
(Bloomberg) — Another winter storm is heading for the eastern and central U.S., threatening to bring snow to the Northeast and icy rain to southern states already enduring power outages amid a deep freeze.Manhattan’s Central Park and Boston could get 6 to 8 inches (15 to 20 centimeters) of snow by early Friday, with Washington and Philadelphia getting 4 to 6, the National Weather Service said. Meanwhile, cold across the Great Plains and South will continue for several more days, and there will likely be icing from east Texas to Alabama.One of the hardest hit areas will be central North Carolina and Virginia as the storm moves north. Duke Energy Corp. warned nearly 1 million homes and businesses may lose power in the North Carolina and South Carolina.A blast of frigid air has unleashed record-breaking cold from Canada to Mexico and triggered blackouts in Texas and across the South, leaving millions without power for days. For the second time this week, winter storm warnings, watches and weather advisories stretch from New Mexico to New England.The wild week of winter weather has played havoc on air travel. Across the U.S. 4,948 flights were canceled Tuesday and Wednesday, according to FlightAware, an airline tracking service.“Expect tomorrow to be difficult,” New York Mayor Bill de Blasio said Wednesday in a briefing. “Stay off the roads if you can, it’s going to hit at tomorrow morning’s rush hour.”In New York, snow should start sometime early Thursday morning, said Joe Pollina, a weather service meteorologist in Upton, New York. The snow will be heavy through the day, but could change to sleet and freezing rain later. In Boston, snow will start late Thursday and continue through Saturday morning.Messy ConditionsSimilar conditions will sweep through Washington and the cities along Interstate 95 to the south of New York.“It is going to be a mess for D.C., Baltimore and Philadelphia until Friday morning,” said Lara Pagano, a forecaster with the U.S. Weather Prediction Center.Across eastern Texas, parts of Arkansas and through the South to Alabama, as much as a quarter-inch of ice could form on trees and power lines, causing outages and making travel hazardous, Pagano said. There is “good news on the horizon” for Texas and the rest of the central U.S. as temperatures gradually warm, she said. By next week, temperatures across Texas could rise above freezing and reach the 40s and 50s Fahrenheit.Saturday’s high in Dallas could reach 45 degrees, while Houston and San Antonio could get to 55, the weather service said. As of 10:30 a.m., Seagull Lake, Minnesota posted the nation’s coldest temperature at minus 34 degrees. Three spots in Florida, including Fort Lauderdale, had highs of 87.“It is still cold, obviously, across the central U.S. but not nearly as cold as it was yesterday at this time,” Pagano said. “Things look to improve in terms of warming up and drying out.”(Adds Carolina outages in the third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

Duke Energy projects nearly 1 million power outages in Carolinas due to approaching winter storm; company ready to respond
Wed, 17 Feb 2021 18:04:00 +0000
Duke Energy today projected that the hazardous wintry precipitation and high-winds from the approaching winter storm could cause nearly 1 million power outages – some lasting several days – beginning Thursday in North Carolina and South Carolina, based on the storm's current forecasted track.

North Carolina Capital Facilities Fin. Agy. — Moody's reviews Duke Energy, Duke Carolinas and Duke Progress for downgrade
Wed, 17 Feb 2021 00:02:08 +0000
Rating Action: Moody's reviews Duke Energy, Duke Carolinas and Duke Progress for downgradeGlobal Credit Research – 16 Feb 2021New York, February 16, 2021 — Moody's Investors Service (“Moody's”) placed the long-term ratings of Duke Energy Corporation (Duke, Baa1) and its Carolina subsidiaries Duke Energy Carolinas, LLC (Duke Carolinas, A1), and Duke Energy Progress, LLC (Duke Progress, A2), on review for downgrade. This review does not include the ratings or outlooks of any of Duke's other subsidiaries.RATINGS RATIONALE / FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGS”The review of Duke's ratings follows last week's announcement that it now planned to target financial credit metrics that are below the levels that we have established for a downgrade” said Laura Schumacher, Vice President — Senior Credit Officer.

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