Baxter (BAX) Offering Possible 19.05% Return Over the Next 16 Calendar Days

Baxter's most recent trend suggests a bullish bias. One trading opportunity on Baxter is a Bull Put Spread using a strike $92.00 short put and a strike $87.00 long put offers a potential 19.05% return on risk over the next 16 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $92.00 by expiration. The full premium credit of $0.80 would be kept by the premium seller. The risk of $4.20 would be incurred if the stock dropped below the $87.00 long put strike price.

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

The RSI indicator is at 65.08 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Baxter

Baxter to Present at the UBS Virtual Global Healthcare Conference
Mon, 27 Apr 2020 20:15:00 +0000
Baxter International Inc. (NYSE:BAX), a leading global medical products company, will present at the UBS Virtual Global Healthcare Conference on Tuesday, May 19, 2020 via webcast. Jay Saccaro, Baxter’s chief financial officer, is scheduled to present at 10:00 a.m. Eastern Time.

Baxter (BAX) to Report Q1 Earnings: What's in the Offing?
Mon, 27 Apr 2020 13:54:01 +0000
Baxter's (BAX) first-quarter performance is likely to reflect growth in its six global business units.

ABIOMED (ABMD) to Report Q4 Earnings: What's in the Cards?
Fri, 24 Apr 2020 13:59:01 +0000
ABIOMED's (ABMD) fiscal fourth-quarter performance is likely to reflect growth in Impella product line.

Baxter to Present at the Virtual BofA Securities 2020 Health Care Conference
Thu, 23 Apr 2020 20:15:00 +0000
Baxter International Inc. (NYSE:BAX), a leading global medical products company, will present at the virtual BofA Securities 2020 Health Care Conference via webcast on Tuesday, May 12, 2020. Jay Saccaro, Baxter’s chief financial officer, is scheduled to present at 10:20 a.m. Eastern Time.

Baxter Obtains U.S. FDA Emergency Use Authorization for Oxiris Blood Purification Filter for COVID-19 Treatment
Thu, 23 Apr 2020 18:30:00 +0000
Baxter International Inc. (NYSE:BAX), a global leader in acute care, announced it has received emergency use authorization (EUA) from the U.S. FDA for the company’s Oxiris filter set to treat patients who have confirmed COVID-19 and have been admitted to the intensive care unit (ICU) with confirmed or imminent respiratory failure in need of blood purification therapy to reduce pro-inflammatory cytokine levels, including use in continuous renal replacement therapy (CRRT).

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