JP Morgan's most recent trend suggests a bearish bias. One trading opportunity on JP Morgan is a Bear Call Spread using a strike $115.00 short call and a strike $120.00 long call offers a potential 9.41% return on risk over the next 3 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $115.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock rose above the $120.00 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 43.54 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
Dollar Slips, Aussie Dollar Edges Higher Ahead of Tariff Announcement
Mon, 17 Sep 2018 07:41:00 +0000
Investing.com – The U.S. dollar slipped while the Aussie dollar edged higher on Monday as markets awaited an announcement of additional U.S. tariffs on $200 billion in Chinese goods.
JP Morgan chief Dimon says shouldn't have made remarks about Trump
Sun, 16 Sep 2018 15:19:02 +0000
JPMorgan Chase & Co Chief Executive Jamie Dimon on Sunday said he regretted comments that he was “smarter” than U.S. President Donald Trump and could beat him in an election. On Wednesday, Dimon quickly backtracked after saying he could beat Trump in a campaign but not liberal Democrats. Trump had a sharp rejoinder for Dimon on Thursday, saying the JPMorgan chief executive lacked the “smarts” to be president but was otherwise wonderful.
3 Top Bank Stocks to Buy in September
Sat, 15 Sep 2018 13:15:00 +0000
Looking for bank stocks to add to your portfolio? These three banks would be a good start.
Insight: How JPMorgan's CFO became the top prospect to succeed Dimon
Sat, 15 Sep 2018 03:36:11 +0000
As a single mother with a British accent who loves numbers, Marianne Lake bears little resemblance to Jamie Dimon, the longtime chief executive of JPMorgan Chase & Co, known for his bravado, quips and occasional profanity-laced outbursts. Over her nearly six years as JPMorgan's chief financial officer Lake, 49, has taken on more and more responsibilities effectively becoming Dimon's understudy.
JPMorgan Chase Declares Preferred Stock Dividends
Fri, 14 Sep 2018 20:18:00 +0000
JPMorgan Chase & Co. has declared dividends on the Firm’s outstanding Series I, Q, U, Z and CC preferred stock. Information can be found on the Firm’s Investor Relations website at jpmorganchase.com/press-releases.
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