CVS (CVS) Offering Possible 14.94% Return Over the Next 19 Calendar Days

CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $85.00 short put and a strike $80.00 long put offers a potential 14.94% 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 $85.00 by expiration. The full premium credit of $0.65 would be kept by the premium seller. The risk of $4.35 would be incurred if the stock dropped below the $80.00 long put strike price.

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

The RSI indicator is at 79.57 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 CVS

Final Glance: Drugstore companies
Mon, 03 Nov 2014 23:03:45 GMT
AP – Shares of some top drugstore companies were up at the close of trading: CVSCaremark rose $.33 or .5 percent, to $66.44. Rite Aid rose $.10 or 1.8 percent, to $5.70. Walgreen rose $1.74 or 2.9 percent, …

What to Watch in the Day Ahead – Tuesday, Nov. 4
Mon, 03 Nov 2014 19:36:37 GMT
Reuters – Thomson One users can register at RT/DAY/US. All times in ET/GMT) Online retailer Alibaba Group Holding Ltd releases its first full-length set of quarterly numbers since going public in what became the world's largest initial public offering. Investors have so far overlooked its poor track record on corporate governance, but it remains to be seen if Alibaba lives up to its promise of hyper-growth, and if its expansion into all things mobile has begun to yield fruit. The United States holds midterm elections, with 36 U.S.

Will CVS Health (CVS) Keep its Earnings Streak Alive in Q3?
Mon, 03 Nov 2014 19:30:02 GMT

Must-See Charts on How to Trade CVS Health After End to Tobacco Sales
Mon, 03 Nov 2014 18:47:00 GMT

Midday Glance: Drugstore companies
Mon, 03 Nov 2014 18:20:45 GMT
AP – Shares of some top drugstore companies are up at 1 p.m.: CVSCaremark rose $.41 or .6 percent, to $66.52. Rite Aid rose $.08 or 1.3 percent, to $5.68. Walgreen rose $.32 or .5 percent, to $59.54.

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