State Street's most recent trend suggests a bearish bias. One trading opportunity on State Street is a Bear Call Spread using a strike $60.00 short call and a strike $65.00 long call offers a potential 17.37% return on risk over the next 15 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $60.00 by expiration. The full premium credit of $0.74 would be kept by the premium seller. The risk of $4.26 would be incurred if the stock rose above the $65.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for State Street 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 State Street is bearish.
The RSI indicator is at 69.06 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 State Street
Carr Properties boosts ownership stake at future State Street HQ tower
Tue, 30 Jul 2019 16:44:10 +0000
The 1 million-square-foot One Congress office tower will be the new home of financial giant State Street Corp.
Dirt-Cheap Fees: Boon or Bane for ETF Issuers?
Wed, 24 Jul 2019 12:00:12 +0000
A volley of low-cost ETFs and mutual funds cut back on issuers' profitability despite towering stock market.
State Street Announces Recovery and Resolution Plan for 2019
Tue, 23 Jul 2019 20:15:00 +0000
State Street Corporation today announced that it has filed its 2019 resolution plan.
Charles River and MarketAxess Expand Collaboration for Trading Connectivity Across Global Credit Markets
Tue, 23 Jul 2019 13:00:00 +0000
Charles River Development, a State Street Company, today announced an expansion of its collaboration with MarketAxess, a leader in e-trading for global fixed income. Under the expansion, global Charles River clients will be offered access to MarketAxess’ Auto-X™ and other new trading features for investment-grade credit, high-yield, emerging market debt and Eurobonds.
ETF Giants BlackRock and State Street Falter as Stocks Soar
Mon, 22 Jul 2019 18:00:29 +0000
The two companies' weak profits despite explosive growth in assets are a bad omen for the industry.
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