The Goodyear Tire (GT) Offering Possible 7.53% Return Over the Next 20 Calendar Days

The Goodyear Tire's most recent trend suggests a bearish bias. One trading opportunity on The Goodyear Tire is a Bear Call Spread using a strike $24.50 short call and a strike $29.50 long call offers a potential 7.53% return on risk over the next 20 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $24.50 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 rose above the $29.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for The Goodyear Tire 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 down which suggests that the medium-term momentum for The Goodyear Tire is bearish.

The RSI indicator is at 44.39 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for The Goodyear Tire

Shaesta Waiz Christens Newest Goodyear Blimp Wingfoot Three
Thu, 30 Aug 2018 22:04:00 +0000
AKRON, Ohio, Aug. 30, 2018 /PRNewswire/ — The Goodyear Tire & Rubber Company's (GT) newest blimp – Wingfoot Three – was christened today by Shaesta Waiz, the youngest woman to fly solo around the world in a single-engine aircraft. Waiz traveled more than 24,000 nautical miles over a five-month period in 2017 visiting 22 countries on her record-breaking solo flight. The christening of Wingfoot Three completes the renewal of the Goodyear Blimp fleet following the launch of Wingfoot One in 2014 and Wingfoot Two in 2016.

Mexico-US trade deal unlikely to boost low Mexican wages
Thu, 30 Aug 2018 19:03:55 +0000
MEXICO CITY (AP) — Many in the U.S. government, and even some in Mexico, say the new trade agreement between the two countries will help increase the extremely low wages in Mexico's auto industry.

See what the IHS Markit Score report has to say about Goodyear Tire & Rubber Co.
Thu, 30 Aug 2018 12:01:24 +0000
Goodyear Tire & Rubber Co NASDAQ/NGS:GT

Compagnie Gener. des Etablissements Michelin — Moody's assigns A3 ratings to Michelin's new notes, ratings affirmed
Wed, 29 Aug 2018 17:35:11 +0000
Moody's Investors Service (“Moody's”) has today assigned A3 instrument ratings to the new E2.5 billion senior unsecured notes to be issued by Compagnie Generale des Etablissements Michelin (CGEM, Michelin, or the group). Concurrently, Moody's has affirmed all ratings of the group, including the issuer ratings of A3 for CGEM and Compagnie Financiere Michelin SCmA (CFM), a wholly owned subsidiary of CGEM and parent company of Michelin Luxembourg SCS (MiLux), the issuer of the group's existing senior unsecured bond issuances.

Goodyear Inspires College Football Fans to “Be Blimpworthy” in New Ad
Mon, 27 Aug 2018 14:00:00 +0000
With more than 60 years of providing aerial coverage for the biggest college football contests, the Goodyear Blimp has signaled the magnitude of games and served as inspiration for fans and athletes alike. In celebration of that college football legacy, Goodyear is introducing a new advertisement this weekend that will motivate consumers to “Be Blimpworthy.” The new ad tells the next chapter of “Blimpworthy,” which previously focused on the hard work, determination and grit the blimp has witnessed. “‘Be Blimpworthy' is rooted in the idea that the blimp only shows up for the most marquee matchups, a level only reached by hard work and perseverance,” said Todd Macsuga, general manager of brand marketing at Goodyear.

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