Prudential's most recent trend suggests a bullish bias. One trading opportunity on Prudential is a Bull Put Spread using a strike $97.50 short put and a strike $92.50 long put offers a potential 12.61% return on risk over the next 37 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $97.50 by expiration. The full premium credit of $0.56 would be kept by the premium seller. The risk of $4.44 would be incurred if the stock dropped below the $92.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for Prudential 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 Prudential is bullish.
The RSI indicator is at 67.6 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for Prudential
[$$] Wells Fargo to face restrictions after failing ‘living-will' test
Wed, 14 Dec 2016 00:25:57 GMT
Financial Times – Wells Fargo has become the first US bank to fail an important regulatory test designed in the wake of the financial crisis, leading watchdogs to place restrictions on its business in yet another blow to …
Wells Fargo (WFC) Under Scrutiny in California, New Jersey
Tue, 13 Dec 2016 20:03:08 GMT
[$$] Prudential Financial in spotlight over Wells Fargo relationship
Tue, 13 Dec 2016 17:36:19 GMT
Financial Times – The scandal over sham accounts at Wells Fargo has already prompted scrutiny of sales practices in US banking. Now the insurance industry is under the spotlight. Prudential Financial has been drawn into …
New Jersey, California Probe Wells Fargo's Insurance-Policy Sales
Tue, 13 Dec 2016 17:32:00 GMT
Prudential stops distribution of policy sold through Wells Fargo
Tue, 13 Dec 2016 03:39:23 GMT
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