Franklin Resource (BEN) Offering Possible 5.26% Return Over the Next 27 Calendar Days

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Franklin Resource’s most recent trend suggests a bullish bias. One trading opportunity on Franklin Resource is a Bull Put Spread using a strike $25.00 short put and a strike $20.00 long put offers a potential 5.26% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $25.00 by expiration. The full premium credit of $0.25 would be kept by the premium seller. The risk of $4.75 would be incurred if the stock dropped below the $20.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Franklin Resource 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 Franklin Resource is bullish.

The RSI indicator is at 35.12 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Franklin Resource

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Franklin Resources Expected to Buy BONY Mellon’s Alcentra Credit Unit: Sources
Thu, 21 Apr 2022 22:19:00 +0000
Bank of New York Mellon put Alcentra up for sale in late 2021. It is one of the biggest credit and private-debt managers based in Europe.

Franklin Resources (BEN) Stock Moves -0.79%: What You Should Know
Thu, 21 Apr 2022 22:00:10 +0000
Franklin Resources (BEN) closed at $26.48 in the latest trading session, marking a -0.79% move from the prior day.

Franklin Resources (BEN) Dips More Than Broader Markets: What You Should Know
Wed, 20 Apr 2022 22:15:10 +0000
Franklin Resources (BEN) closed the most recent trading day at $26.69, moving -0.26% from the previous trading session.

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