The Goodyear Tire (GT) Offering Possible 8.7% Return Over the Next 19 Calendar Days

The Goodyear Tire's most recent trend suggests a bullish bias. One trading opportunity on The Goodyear Tire is a Bull Put Spread using a strike $26.00 short put and a strike $21.00 long put offers a potential 8.7% return on risk over the next 19 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $26.00 by expiration. The full premium credit of $0.40 would be kept by the premium seller. The risk of $4.60 would be incurred if the stock dropped below the $21.00 long put 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 up which suggests that the medium-term momentum for The Goodyear Tire is bullish.

The RSI indicator is at 71.52 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for The Goodyear Tire

General Electric Strengthens Its Position for Acquiring Alstom and Goodyear Tire Drops Big Announcements
Mon, 02 Jun 2014 19:02:08 GMT

Goodyear Promotes Tire Care During Summer Travel, Safety Week
Mon, 02 Jun 2014 18:30:00 GMT
PR Newswire – AKRON, Ohio, June 2, 2014 /PRNewswire/ — To coincide with the beginning of June – the traditional kickoff of summer travel – and a national tire care observance this week, The Goodyear Tire & Rubber Company (GT) is urging everyone to show a little TLC toward their tires. Additionally, National Tire Safety Week, held during June 1-7, is a period that emphasizes the simple steps drivers can take to ensure their tires are in good working condition. Research reveals that motorists rank tires as the second-most important safety feature in vehicles next to brakes, yet many don't know how to properly check their tire inflation pressure. “Checking tires for proper inflation and tread condition is one of the most critical – and easiest – maintenance procedures for a consumer,” said John Peer, vice president of Goodyear Retail.

Goodyear's Capital Allocation Plan for 2014-2016
Fri, 30 May 2014 22:10:10 GMT

[$$] Goodyear Proposes New Americas Factory; Raises Dividend
Fri, 30 May 2014 05:03:16 GMT
The Wall Street Journal – For the first time since 1990, Goodyear Tire & Rubber will build a plant in the Americas. The Akron, Ohio, company also disclosed plans to increase its quarterly cash dividend and a share repurchase program….

Goodyear plans $500M American tire plant
Thu, 29 May 2014 18:06:57 GMT

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