JP Morgan's most recent trend suggests a bullish bias. One trading opportunity on JP Morgan is a Bull Put Spread using a strike $58.00 short put and a strike $52.50 long put offers a potential 7% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $58.00 by expiration. The full premium credit of $0.36 would be kept by the premium seller. The risk of $5.14 would be incurred if the stock dropped below the $52.50 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 at 64.04 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for JP Morgan
GM Q2 net tumbles after $1.2B recall charge
Thu, 24 Jul 2014 12:06:35 GMT
Judge dismisses JPMorgan case regarding Madoff scheme, Reuters says
Thu, 24 Jul 2014 11:00:25 GMT
Wall Street trades home mortgages for corporate credit
Thu, 24 Jul 2014 07:29:12 GMT
Financial Times – Jamie Dimon, chief executive of JPMorgan Chase, knows a broken business when he sees one. On a conference call with investors held last week to discuss the bank's second-quarter earnings, he warned that …
[$$] J.P. Morgan Retreats on FHA Lending
Thu, 24 Jul 2014 04:25:41 GMT
The Wall Street Journal – J.P. Morgan Chase has sharply pulled back from a popular mortgage-lending program this year, a course its chief executive, James Dimon, blamed on the Obama administration's zeal for litigation.
Dimon, JPMorgan Board Get Investor Madoff Suit Thrown Out
Thu, 24 Jul 2014 00:22:12 GMT
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