State Street's most recent trend suggests a bullish bias. One trading opportunity on State Street is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 7.53% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $85.00 by expiration. The full premium credit of $0.35 would be kept by the premium seller. The risk of $4.65 would be incurred if the stock dropped below the $80.00 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 73.84 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 Announces Chairman & Chief Executive Officer and Chief Financial Officer to Participate in Bernstein’s Annual Strategic Decisions Conference
Mon, 10 May 2021 20:35:00 +0000
State Street Corporation (NYSE:STT) announced today that its Chairman & Chief Executive Officer, Ron O’Hanley, and its Chief Financial Officer, Eric Aboaf, will participate in Bernstein’s Annual Strategic Decisions Conference, to be held virtually, on Wednesday, June 2, 2021, at 10:00 am ET.
Here's Why it is Best to Hold State Street (STT) Stock for Now
Mon, 10 May 2021 15:57:03 +0000
While State Street's (STT) global reach, efforts to upgrade operations technologically and strong balance sheet will keep aiding growth, elevated costs will likely hurt profits.
State Street Expands MediaStats Indicator Offering with New Bitcoin Thematic Indicator
Wed, 05 May 2021 13:45:00 +0000
State Street Corporation (NYSE:STT) today announced the launch of a new Bitcoin Thematic Indicator series to help contextualize the rising popularity of Bitcoin and how it is impacting more traditional financial markets. The series quantifies media coverage of Bitcoin, measuring the intensity or prevalence relative to all news of the day, as well as the sentiment of news over a period of time.
State Street Appoints Global Chief Architect
Tue, 27 Apr 2021 18:30:00 +0000
State Street Corporation (NYSE:STT) today announced that it has appointed Aman Thind to executive vice president and global chief architect. In this role Thind will report to Brian Franz, global chief information officer.
The T Rowe Price Equity Income Fund Cuts DuPont, State Street
Fri, 23 Apr 2021 17:47:11 +0000
Firm's largest sales of the 1st quarter
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