Covidien (COV) Offering Possible 9.89% Return Over the Next 25 Calendar Days

Covidien's most recent trend suggests a bullish bias. One trading opportunity on Covidien is a Bull Put Spread using a strike $95.00 short put and a strike $90.00 long put offers a potential 9.89% return on risk over the next 25 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $95.00 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 dropped below the $90.00 long put strike price.

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

The RSI indicator is at 76.32 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 Covidien

Becton Dickinson: CareFusion Buy Adding More To EPS
Tue, 25 Nov 2014 18:06:00 GMT

Covidien, Medtronic Shareholders Poised for January Vote
Tue, 25 Nov 2014 15:35:00 GMT

Covidien and Medtronic Shareholders Set for a January Vote
Tue, 25 Nov 2014 14:13:00 GMT

Covidien’s Fortrex™ PTA Balloon Receives FDA 510(k) Clearance
Mon, 24 Nov 2014 21:08:43 GMT
noodls – Fortrex™ PTA Balloon Facilitates Arteriovenous Access in Patients Receiving Hemodialysis for Chronic Kidney Disease DUBLIN, Ireland–(BUSINESS WIRE)–Nov. 24, 2014– Covidien plc (NYSE: COV) today announced …

COVIDIEN PLC Files SEC form 10-K, Annual Report
Mon, 24 Nov 2014 21:05:51 GMT

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