Johnson Controls (JCI) Offering Possible 24.69% Return Over the Next 30 Calendar Days

Johnson Controls's most recent trend suggests a bullish bias. One trading opportunity on Johnson Controls is a Bull Put Spread using a strike $34.00 short put and a strike $29.00 long put offers a potential 24.69% return on risk over the next 30 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $34.00 by expiration. The full premium credit of $0.99 would be kept by the premium seller. The risk of $4.01 would be incurred if the stock dropped below the $29.00 long put strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Johnson Controls 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 up which suggests that the medium-term momentum for Johnson Controls is bullish.

The RSI indicator is at 68.48 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Johnson Controls

Yanfeng Global Auto Interior Sys Co., Ltd — Moody's confirms Yanfeng's Baa3 rating; outlook negative
Tue, 16 Jun 2020 08:51:08 +0000
Moody's Investors Service has confirmed the Baa3 issuer rating of Yanfeng Global Automotive Interior Systems Co., Ltd. (YFAI). “The rating confirmation reflects YFAI's steady revenue generation, driven in turn by its strong position in the global automotive interior market, good geographic diversification, and the operational support from its key indirect shareholder SAIC Motor Corporation Limited,” says Gerwin Ho, a Moody's Vice President and Senior Credit Officer.

Johnson Controls (JCI) to Recommence Share-Repurchase Program
Mon, 15 Jun 2020 12:28:12 +0000
Johnson Controls (JCI) has about $735 million available under its share-repurchase program for fiscal 2020 as of Mar 31, 2020.

Coronavirus update: Global case tally tops 7.68 million as countries push ahead toward phased reopenings — with mixed results
Sat, 13 Jun 2020 16:54:00 +0000
The number of global cases of the coronavirus that causes COVID-19 climbed above 7.6 million on Friday, as countries around the world continued to lift restrictions on movement with mixed results.

Johnson Controls shares jump 2% premarket on news it will resume share buybacks in Q4
Fri, 12 Jun 2020 10:59:00 +0000
Johnson Controls International PLC shares rose 2% in premarket trade Friday, after the building products company said it plans to resume share buybacks in its fiscal fourth quarter. Like many companies, Johnson Controls suspended buybacks during the coronavirus pandemic as it moved to preserve cash given the uncertain economic outlook. The company has about $735 million available under its current authorization for 2020 and $3.1 billion in the full program. Shares have fallen 17% in the year to date, while the S&P 500 has fallen 7%.

Johnson Controls Announces Quarterly Dividend
Tue, 09 Jun 2020 17:16:00 +0000
The board of directors of Johnson Controls International plc, (NYSE: JCI), has approved a regular quarterly cash dividend of $0.26 per common share payable on July 17, 2020 to shareholders of record at the close of business on June 22, 2020. Johnson Controls has paid a consecutive dividend since 1887.

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