JP Morgan's most recent trend suggests a bearish bias. One trading opportunity on JP Morgan is a Bear Call Spread using a strike $120.00 short call and a strike $125.00 long call offers a potential 21.95% return on risk over the next 21 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $120.00 by expiration. The full premium credit of $0.90 would be kept by the premium seller. The risk of $4.10 would be incurred if the stock rose above the $125.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for JP Morgan 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 JP Morgan is bearish.
The RSI indicator is at 70.38 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 JP Morgan
Peloton Raises $1.16 Billion in Top-of-Range U.S. IPO
Thu, 26 Sep 2019 01:12:03 +0000
(Bloomberg) — Peloton Interactive Inc. raised $1.16 billion in its U.S. initial public offering, pricing its shares at the top end of its targeted range in a week roiled by more bad news for WeWork and its IPO plans.Peloton sold 40 million shares on Wednesday for $29 each, the home-fitness company said in a statement. The company had marketed the shares for $26 to $29 each.Peloton is valued in the listing at about $8.1 billion based on the outstanding shares as listed in its filings with the U.S. Securities and Exchange Commission.The IPO, the eighth in the U.S. this year to top $1 billion, comes as investors are rattled by the the sudden disintegration of WeWork’s plan to go public in September.As recently as July, the listing by WeWork, renamed the We Co., had been expected to raise about $3.5 billion, a person familiar with the matter had said. Now, co-founder Adam Neumann has resigned as chief executive officer and the company, according to people familiar with its plans, will likely put off an IPO until at least next year.WeWork isn’t the only warning sign for IPO investors.While most of the 11 other companies that have gone public this month priced within or above their marketed range, the largest of them, SmileDirectClub Inc., is trading 32% below its offer price in its $1.35 billion listing.Lowered ExpectationsThe Hollywood entertainment company Endeavor Group Holdings Inc., whose IPO is set to price Thursday, is considering pricing its shares below the marketed range, people familiar with the matter said.The year has seen disappointing performances by several consumer-oriented companies positioning themselves as game-changing tech companies. Most notably, Uber Technologies Inc.’s shares have fallen 30% since May after its $8.1 billion IPO, the year’s biggest.Founded in 2012, New York-based Peloton describes itself as the “largest interactive fitness platform in the world” with more than 1.4 million members.Peloton started out by selling a bike with a screen connected to the internet for showing its own workout programs, both live and recorded. Last year, it started selling a treadmill with a similar offering.Yoga, MeditationIt also has an app that shares its exercise programming with users who don’t own its hardware but are willing to pay a monthly subscription fee for the classes, which include yoga, meditation and strength training.Its basic “connected fitness” subscription costs $39 a month and the bikes start at about $2,000.Like many startups that have gone public this year, Peloton told investors that it will stay focused on growth rather than profitability, but outlined a future path to it.While revenues have been steadily increasing, Peloton still lost $196 million on sales of $915 million during the 12 months ended June 30, according to its filings. That compared with a loss of $48 million on $435 million in sales during the same period a year earlier.Growing BaseIts growth depends on continuing to expand its subscriber base in an increasingly competitive field, as well as keeping current customers.The U.S. is one of the largest markets for connected fitness in the world, and Peloton recently expanded into others that sit high on that list: Canada, the U.K. and Germany. Investors are watching to see whether the company’s success in the U.S can be replicated elsewhere.During its IPO roadshow, Peloton showed a video hinting that it will have new types of equipment.Holders of Peloton’s Class A shares will get one vote per share, while Class B holders will have 20 votes a share, according to the filing.Goldman Sachs Group Inc. and JPMorgan Chase & Co. led the offering. The shares are expected to begin trading Thursday on Nasdaq Global Select Market under the symbol PTON.(Updates with performance of other IPOs in seventh paragraph.)To contact the reporters on this story: Crystal Tse in New York at firstname.lastname@example.org;Julie Verhage in New York at email@example.comTo contact the editors responsible for this story: Liana Baker at firstname.lastname@example.org, ;Mark Milian at email@example.com, Michael Hytha, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Peloton prices IPO at $29 per share, at high end of expected range
Wed, 25 Sep 2019 23:31:01 +0000
Peloton reportedly priced its initial public offering at $29 per share, Reuters reported Wednesday, citing an unnamed source familiar with the matter. The offering makes Peloton the latest startup valued over $1 billion to tap the public markets.
Climate-change protesters shut down Wells Fargo’s headquarters branch
Wed, 25 Sep 2019 21:41:58 +0000
One protester had a simple explanation for shutting down a Chase bank branch: "It's 93 degrees in San Francisco on Sept. 25."
What to Expect from Q3 2019 Earnings Season?
Wed, 25 Sep 2019 21:05:09 +0000
What to Expect from Q3 2019 Earnings Season?
The Saucer Base: This Bank Stock's Base Formed At A Geological Pace
Wed, 25 Sep 2019 19:20:07 +0000
Bank stock JPMorgan and many others were depressed for months ahead of the 2016 presidential election. That provided time for a long-term chart pattern called a saucer to form.
Also on Market Tamer…
Follow Us on Facebook