WellPoint (WLP) Offering Possible 17.92% Return Over the Next 8 Calendar Days

WellPoint's most recent trend suggests a bearish bias. One trading opportunity on WellPoint is a Bear Call Spread using a strike $110.00 short call and a strike $115.00 long call offers a potential 17.92% return on risk over the next 8 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $110.00 by expiration. The full premium credit of $0.76 would be kept by the premium seller. The risk of $4.24 would be incurred if the stock rose above the $115.00 long call strike price.

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

The RSI indicator is at 35.34 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 WellPoint

A.M. Best Assigns Debt Ratings to WellPoint, Inc.’s New Senior Unsecured Notes
Fri, 08 Aug 2014 18:00:00 GMT
Business Wire – A.M. Best has assigned a debt rating of “bbb+” to $2.7 billion of senior unsecured notes issued by WellPoint, Inc. [NYSE: WLP]. The outlook assigned to the ratings is stable.

U.S. Markets End Lower on Ukraine Conflict Concerns
Thu, 07 Aug 2014 20:51:30 GMT

WELLPOINT, INC Financials
Wed, 06 Aug 2014 17:04:16 GMT

MOVES-Evercore hires Barclays' Mark Hanson as senior managing director
Wed, 06 Aug 2014 12:27:05 GMT

5 Affordable Care Act Stock Winners to Buy Now
Tue, 05 Aug 2014 14:10:42 GMT

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