Dominion Resource (D) Offering Possible 7.53% Return Over the Next 14 Calendar Days

view original post

Dominion Resource’s most recent trend suggests a bearish bias. One trading opportunity on Dominion Resource is a Bear Call Spread using a strike $85.00 short call and a strike $90.00 long call offers a potential 7.53% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $85.00 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 $90.00 long call strike price.

The 5-day moving average is moving down which suggests that the short-term momentum for Dominion Resource 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 Dominion Resource is bearish.

The RSI indicator is at 24.89 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 Dominion Resource

Dominion Energy Announces First-Quarter 2022 Earnings
Thu, 05 May 2022 11:30:00 +0000
Dominion Energy (NYSE: D) today announced an unaudited net income determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended March 31, 2022, of $711 million ($0.83 per share) compared with net income of $1.0 billion ($1.23 per share) for the same period in 2021.

Pinnacle West (PNW) Q1 Earnings & Revenues Beat Estimates
Wed, 04 May 2022 16:33:04 +0000
Pinnacle West Capital’s (PNW) Q1 earnings surpass estimates. Pinnacle West Capital benefits from stronger-than-projected sales growth and investments that fortify its infrastructure.

Looking for Stocks with Positive Earnings Momentum? Check Out These 2 Utilities Names
Wed, 04 May 2022 13:41:01 +0000
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.

NiSource (NI) Q1 Earnings Miss Estimates, Revenues Beat
Wed, 04 May 2022 13:31:01 +0000
NiSource’s (NI) first-quarter earnings is a tad lower than the estimates and is committed to invest $10 billion to strengthen infrastructure.

Why Dominion Energy (D) Might Surprise This Earnings Season
Wed, 04 May 2022 12:46:12 +0000
Dominion Energy (D) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Related Posts