Johnson Controls (JCI) Offering Possible 8.23% Return Over the Next 13 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 $39.00 short put and a strike $34.00 long put offers a potential 8.23% return on risk over the next 13 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 $0.38 would be kept by the premium seller. The risk of $4.62 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 Johnson Controls 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 Johnson Controls is bullish.

The RSI indicator is at 53.19 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Johnson Controls

Are Investors Undervaluing Johnson Controls (JCI) Right Now?
Wed, 05 Jun 2019 13:10:01 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Johnson Controls International plc announces final results of cash tender offer
Wed, 05 Jun 2019 10:55:00 +0000
CORK, Ireland, June 5, 2019 /PRNewswire/ — Johnson Controls International plc (“JCI”) (JCI) today announced the final results of its “modified Dutch auction” tender offer, which expired at 11:59 p.m., New York City time, on May 31, 2019. Based on the final count by Equiniti Trust Company, the depositary for the tender offer, JCI has accepted for payment 102,445,878 shares of JCI's ordinary shares at a purchase price of $39.25 per share, for a cost of $4,021,000,711.50, excluding fees and expenses related to the tender offer. Included in the 102,445,878 shares JCI accepted for purchase in the tender offer are 535,050 shares that JCI has elected to purchase pursuant to its right to purchase up to an additional 2% of its outstanding ordinary shares.

3 Charts Suggest Cleantech Stocks Are Headed Higher
Tue, 04 Jun 2019 13:50:55 +0000
Bullish chart patterns are becoming increasingly harder to find, but the cleantech space seem to tell a different story.

JCI vs. AAXN: Which Stock Is the Better Value Option?
Tue, 04 Jun 2019 13:30:01 +0000
JCI vs. AAXN: Which Stock Is the Better Value Option?

Do You Know What Johnson Controls International plc's (NYSE:JCI) P/E Ratio Means?
Tue, 04 Jun 2019 11:04:23 +0000
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We'll look at Johnson…

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