Dominion Resource (D) Offering Possible 9.89% Return Over the Next 27 Calendar Days

This article was originally published on this site

Dominion Resource’s most recent trend suggests a bearish bias. One trading opportunity on Dominion Resource is a Bear Call Spread using a strike $65.00 short call and a strike $70.00 long call offers a potential 9.89% return on risk over the next 27 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $65.00 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $70.00 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 32.91 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

Institutional Investors Upped Their Stakes in Dominion Energy
Thu, 17 May 2018 18:50:37 +0000
The Vanguard Group is the top institutional investor in Dominion Energy (D). It added 0.9 million shares in the first quarter, raising its stake to 7.4% as of March 31.

Dominion, environmental groups disagree over court order’s impact on Atlantic Coast Pipeline construction
Thu, 17 May 2018 16:11:40 +0000
Atlantic Coast Pipeline LLC contends a court order vacating an important environmental ruling will affect only “a small portion of the 600 mile route.”

Duke, Dominion not backing down from Atlantic Coast Pipeline, despite order
Wed, 16 May 2018 15:07:40 +0000
Within hours of a federal court order, attorneys for environmental groups sent a formal letter to the utilities behind the planned 600-mile Atlantic Coast Pipeline project, demanding they halt construction.

Environmental groups claim a victory in battle over the Atlantic Coast Pipeline
Wed, 16 May 2018 12:59:11 +0000
The 4th Circuit Court of Appeals has vacated a decision on the Atlantic Coast Pipeline in a move that environmental groups say could stop construction “in its tracks.”

Dominion Energy Statement in Response to U.S. Fourth Circuit Court of Appeals Atlantic Coast Pipeline Order
Wed, 16 May 2018 12:59:00 +0000
“We remain confident in the project approvals and the Atlantic Coast Pipeline will continue to move forward with construction as scheduled. Atlantic Coast Pipeline, LLC is composed of four major U.S. energy companies – Dominion Energy, Duke Energy, Piedmont Natural Gas and Southern Company Gas.

Be Sociable, Share!

Related Posts