FirstEnergy (FE) Offering Possible 8.7% Return Over the Next 9 Calendar Days

FirstEnergy's most recent trend suggests a bullish bias. One trading opportunity on FirstEnergy is a Bull Put Spread using a strike $39.00 short put and a strike $34.00 long put offers a potential 8.7% return on risk over the next 9 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $39.00 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 dropped below the $34.00 long put strike price.

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

The RSI indicator is at 56.19 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for FirstEnergy

Gas and renewables power the electricity sector
Thu, 08 Jan 2015 14:23:06 GMT

JCP&L Completed More Than 160 Infrastructure Projects in 2014 to Help Enhance Service Reliability
Wed, 07 Jan 2015 19:45:00 GMT
PR Newswire – MORRISTOWN, N.J., Jan. 7, 2015 /PRNewswire/ — Jersey Central Power & Light (JCP&L) completed more than 160 infrastructure projects and other work in 2014 to help enhance service reliability to its 1.1 million customers in northern and central New Jersey. Completing a $15 million expansion of a substation in Monmouth County, which included adding a new transformer, circuit breaker and control building. The project also provides greater redundancy to benefit 170,000 customers in the county by connecting with existing substations in Red Bank and Tinton Falls. Completing the installation of a new circuit breaker and transformer at a substation in Manalapan in Monmouth County at a cost of $1.2 million. The project also included adding two new distribution circuits.

Penn Power Launches Facebook Page for Enhanced Customer Communications
Tue, 06 Jan 2015 20:00:00 GMT
PR Newswire – AKRON, Ohio, Jan. 6, 2015 /PRNewswire/ — Penn Power is expanding its social media presence with the launch of its Facebook page. The new page builds on the company's successful Twitter account, @Penn_Power, to provide customers with important information related to their electric service.

West Penn Power Launches Facebook Page for Enhanced Customer Communications
Tue, 06 Jan 2015 20:00:00 GMT
PR Newswire – GREENSBURG, Pa., Jan. 6, 2015 /PRNewswire/ — West Penn Power is expanding its social media presence with the launch of its Facebook page. The new page builds on the company's successful Twitter account, …

FirstEnergy Projects Support Expanding Shale Gas Facilities in Ohio Edison Territory
Mon, 05 Jan 2015 15:50:00 GMT
PR Newswire – AKRON, Ohio, Jan. 5, 2015 /PRNewswire/ — FirstEnergy Corp. (FE) has completed $6 million in new transmission projects and is evaluating additional system upgrades across its Ohio Edison service area to meet rising electric demand growth driven by the shale gas industry. New facilities, including a high-voltage substation and transmission lines, were completed to accommodate new natural gas processing facilities and other energy-intensive operations in Ohio's Utica Shale region. The new customer facilities are projected to ultimately generate about 125 megawatts (MW) of electric load growth, the equivalent of adding more than 60,000 new homes to Ohio Edison's system.

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