State Street's most recent trend suggests a bullish bias. One trading opportunity on State Street is a Bull Put Spread using a strike $77.50 short put and a strike $72.50 long put offers a potential 25.31% return on risk over the next 29 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $77.50 by expiration. The full premium credit of $1.01 would be kept by the premium seller. The risk of $3.99 would be incurred if the stock dropped below the $72.50 long put strike price.
The 5-day moving average is moving up which suggests that the short-term momentum for State Street 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 State Street is bullish.
The RSI indicator is at 73.93 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
State Street takes hit from TD Ameritrade-Schwab merger
Wed, 18 Dec 2019 05:00:28 +0000
TD Ameritrade has been a key retail distributor of ETFs from the Boston-based bank’s State Street Global Advisors asset management division, which is trying to reverse years of declines in market share.
State Street teams up with Winklevoss firm on crypto
Tue, 17 Dec 2019 19:21:45 +0000
The Boston-based company isn't holding onto bitcoin for clients quite yet, but it is taking an early step into the world of digital assets.
Why ETFs Seen Soaring 10-Fold to $50 Trillion Will Steamroll Skeptics
Tue, 17 Dec 2019 18:53:46 +0000
Bank of America has a bold forecast that ETFs will enjoy even more rapid growth ahead as skeptics see growing challenges.
MacKenzie’s Bob Marese at 2019 Corporate Governance Forum: Issuers Need to Think Like Activists
Tue, 17 Dec 2019 14:19:02 +0000
Bob Marese, Managing Director, MacKenzie Partners, Inc. While it may appear hedge funds aren’t focused on ESG issues, their underlying investors such as university endowments often are and will want ESG to be part of the investment decision process. That’s according to Bob Marese, Managing Director at MacKenzie Partners, Inc., who spoke at the 2019 Corporate […]
5 Must-Buy Bank Stocks for 2020 on Resurging Bond Yields
Tue, 17 Dec 2019 14:11:24 +0000
Following phase-one trade deal agreement, investors dumped safe-haven government bonds and opted for risky assets like equities, which resulted in a Wall Street rally.
Also on Market Tamer…
Follow Us on Facebook