SunTrust's most recent trend suggests a bearish bias. One trading opportunity on SunTrust is a Bear Call Spread using a strike $38.00 short call and a strike $43.00 long call offers a potential 5.49% return on risk over the next 22 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $38.00 by expiration. The full premium credit of $0.26 would be kept by the premium seller. The risk of $4.74 would be incurred if the stock rose above the $43.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for SunTrust 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 SunTrust is bearish.
The RSI indicator is below 20 which suggests that the stock is in oversold territory.
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 SunTrust
SunTrust to Present at the 15th Annual Credit Suisse Financial Services Forum
Fri, 31 Jan 2014 18:25:00 GMT
Emerging Markets Fears Could Slow Bank of America, Citigroup
Thu, 30 Jan 2014 14:59:00 GMT
BB&T: 12 Different Insiders Have Sold Shares This Year
Mon, 27 Jan 2014 21:17:06 GMT
SunTrust Robinson Humphrey Strengthens Corporate Banking Team with Key Hire in Charlotte
Mon, 27 Jan 2014 14:16:00 GMT
Also on Market Tamer…
Follow Us on Facebook