CVS's most recent trend suggests a bullish bias. One trading opportunity on CVS is a Bull Put Spread using a strike $105.00 short put and a strike $97.50 long put offers a potential 12.61% return on risk over the next 24 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $105.00 by expiration. The full premium credit of $0.84 would be kept by the premium seller. The risk of $6.66 would be incurred if the stock dropped below the $97.50 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 71.27 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
Business Highlights
Mon, 22 Jun 2015 22:19:22 GMT
AP – ___ US employers showing confidence in economy Employers last month delivered a vote of confidence in the U.S. economy. They added 280,000 jobs — a surprisingly robust total at a time when consumers are …
How CVS plans to replace $2 billion in lost tobacco sales
Mon, 22 Jun 2015 19:53:55 GMT
The CVS Target Deal: A Healthy Union?
Mon, 22 Jun 2015 14:16:00 GMT
TWTR, FB, RAD, TGT: Jim Cramer's Views
Mon, 22 Jun 2015 05:30:00 GMT
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Cigna rejects raised $53.8bn Anthem offer
Sun, 21 Jun 2015 21:47:25 GMT
Financial Times – Cigna on Sunday rejected an increased $53.8bn bid from Anthem, describing it as inadequate, as its rival seeks to emerge on top of a complex web of takeover attempts in the US healthcare insurance sector. …
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