McKesson (MCK) Offering Possible 10.13% Return Over the Next 14 Calendar Days

McKesson's most recent trend suggests a bullish bias. One trading opportunity on McKesson is a Bull Put Spread using a strike $195.00 short put and a strike $190.00 long put offers a potential 10.13% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $195.00 by expiration. The full premium credit of $0.46 would be kept by the premium seller. The risk of $4.54 would be incurred if the stock dropped below the $190.00 long put strike price.

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

The RSI indicator is at 70.74 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 McKesson

McKesson (MCK) Hits Fresh High: Is There Still Room to Run?
Wed, 31 Mar 2021 13:15:01 +0000
McKesson (MCK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Allscripts' (MDRX) Sunrise Platform Picked by Mercy Iowa City
Mon, 29 Mar 2021 14:08:02 +0000
Allscripts' (MDRX) Sunrise platform gets selected by Mercy Iowa City, thereby enabling the former to help in delivering better patient outcomes and accelerating the future of healthcare.

Are Investors Undervaluing McKesson (MCK) Right Now?
Fri, 26 Mar 2021 15:50:03 +0000
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is McKesson (MCK) Stock A Buy or Sell?
Mon, 22 Mar 2021 23:32:15 +0000
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. We have processed the filings of the more than 887 world-class investment firms that we track and now have access to the collective wisdom contained in […]

McKesson (MCK) Hits 52-Week High, Can the Run Continue?
Mon, 15 Mar 2021 13:15:01 +0000
McKesson (MCK) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

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