JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $94.50 short put and a strike $89.50 long put offers a potential 31.23% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $94.50 by expiration. The full premium credit of $1.19 would be kept by the premium seller. The risk of $3.81 would be incurred if the stock dropped below the $89.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for JP Morgan 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 JP Morgan is bullish.
The RSI indicator is above 80 which suggests that the stock is in overbought territory.
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
JPM's Grilli Says Global Economic Outlook Drives M&A
Fri, 29 Sep 2017 08:59:03 +0000
Sep.29 — Vittorio Grilli, chairman of JPMorgan Chase & Co.’s corporate and investment-banking business in Europe, the Middle East and Africa, expects the brighter economic outlook to drive cross-border deal-making. He spoke to Bloomberg TV's Mark Barton and Vonnie Quinn in an exclusive interview.
[$$] Scurria's Take: Taxpayers' Investment in General Motors Takes Another Hit
Thu, 28 Sep 2017 20:43:11 +0000
Eight years after General Motors went bankrupt, the U.S. and Canadian governments still haven’t recouped all of the bailout dollars they sank into reviving the auto maker.
Expanding EM Horizon Provides Value Opportunities
Thu, 28 Sep 2017 19:07:34 +0000
With the addition of three new countries to the JPMorgan GBI-EM Global Diversified Index earlier this year, the EM local debt (FEMB) market continued its growth in 2017.
The ‘Wolf of Wall Street’ says there will be a viable crypto, but it won’t be bitcoin
Thu, 28 Sep 2017 18:18:33 +0000
Jordan Belfort should know a fraud when he sees one. And the former stockbroker, who was famously depicted as a drug-binging huckster in “The Wolf of Wall Street,” says he sees one in bitcoin.
Bitcoin Price Rises for a Second Day
Thu, 28 Sep 2017 13:08:00 +0000
Investing.com – The price of the digital currency bitcoin was higher on Thursday, building on the previous day’s gains as investors continued to shake off concerns over a clampdown on virtual currencies in China.
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