SunTrust (STI) Offering Possible 9.41% Return Over the Next 29 Calendar Days

SunTrust's most recent trend suggests a bullish bias. One trading opportunity on SunTrust is a Bull Put Spread using a strike $65.00 short put and a strike $60.00 long put offers a potential 9.41% 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 $65.00 by expiration. The full premium credit of $0.43 would be kept by the premium seller. The risk of $4.57 would be incurred if the stock dropped below the $60.00 long put 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 up which suggests that the medium-term momentum for SunTrust is bullish.

The RSI indicator is at 65.68 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 SunTrust

5 Major Bank Stocks Set to Outpace Earnings Estimates in Q2
Tue, 17 Jul 2018 19:00:00 +0000
After impressive first-quarter 2018 results, major bank stocks’ performance lost some steam. Choosing stocks with earnings beat potential might be a difficult task unless one knows the process to shortlist.

Has SunTrust Banks (STI) Outpaced Other Finance Stocks This Year?
Mon, 16 Jul 2018 13:30:01 +0000
Is (STI) Outperforming Other Finance Stocks This Year?

Construction update: An inside look at SunTrust's next Orlando home (PHOTOS)
Thu, 12 Jul 2018 20:20:39 +0000
The $125 million SunTrust Plaza at Church Street Station is making its way into the downtown Orlando skyline as the parking levels near completion on the 28-story, mixed-use tower. “The eighth level will be finished by this weekend,” Jason Coffield, superintendent at Austin Commercial, told Orlando Business Journal during a July 12 construction tour. “The parking garage will go up to level 10, offices will go up to 18 and the hotel will be above that.” Construction crews are visible just beyond the Garland Avenue entrance to the parking garage, but the sounds of progress are everywhere.

Free Research Reports on Citigroup and Three More Banking Stocks
Wed, 11 Jul 2018 11:20:00 +0000
Stock Research Monitor: RY, STI, and CMA LONDON, UK / ACCESSWIRE / July 11, 2018 / If you want a free Stock Review on C sign up now at . Ahead of today's trading session, …

3 Buys to Catapult Your Dividends to 8.6%
Tue, 10 Jul 2018 16:38:44 +0000
Because the truth is, US companies—like the 3 stout dividend growers we’ll dive into below—are swimming in it. The stock has jumped more than 2% since the latest dividend hikes and buybacks were announced, but don’t worry, you haven’t missed your chance: the bank, which focuses on the fast-growing southeast and mid-Atlantic regions, is still cheap at 11.8 times FCF.

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